Brokerages Expect Gulfport Energy Co. (NASDAQ:GPOR) Will Announce Quarterly Sales of $314.65 Million

Equities research analysts expect Gulfport Energy Co. (NASDAQ:GPOR) to announce sales of $314.65 million for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Gulfport Energy’s earnings. The highest sales estimate is $337.20 million and the lowest is $288.00 million. Gulfport Energy reported sales of $415.95 million during the same quarter last year, which would suggest a negative year over year growth rate of 24.4%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 26th.

According to Zacks, analysts expect that Gulfport Energy will report full year sales of $1.33 billion for the current financial year, with estimates ranging from $1.15 billion to $1.44 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.13 billion, with estimates ranging from $1.07 billion to $1.23 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Gulfport Energy.

Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Gulfport Energy had a return on equity of 5.88% and a net margin of 25.83%. The firm had revenue of $285.18 million for the quarter, compared to analyst estimates of $335.10 million. During the same quarter last year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was down 21.0% on a year-over-year basis.

A number of research analysts have commented on GPOR shares. Imperial Capital cut their target price on shares of Gulfport Energy from $11.00 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Williams Capital reaffirmed a “hold” rating and issued a $3.00 price target on shares of Gulfport Energy in a research report on Friday, November 1st. Wells Fargo & Co increased their price objective on shares of Gulfport Energy from $5.00 to $6.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Piper Jaffray Companies set a $7.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a report on Friday, August 16th. Finally, ValuEngine raised shares of Gulfport Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. Gulfport Energy presently has an average rating of “Hold” and a consensus target price of $6.40.

Shares of Gulfport Energy stock opened at $2.67 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.64 and a quick ratio of 0.64. Gulfport Energy has a 1 year low of $2.28 and a 1 year high of $10.09. The firm’s 50-day moving average is $2.86 and its two-hundred day moving average is $3.60. The stock has a market cap of $435.17 million, a price-to-earnings ratio of 1.46, a PEG ratio of 0.12 and a beta of 0.86.

A number of institutional investors and hedge funds have recently made changes to their positions in GPOR. Cetera Advisor Networks LLC purchased a new position in Gulfport Energy in the third quarter worth $29,000. Coastal Capital Group Inc. acquired a new position in shares of Gulfport Energy during the second quarter worth $34,000. Meeder Asset Management Inc. lifted its holdings in shares of Gulfport Energy by 474.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,060 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 10,785 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in shares of Gulfport Energy during the 3rd quarter valued at $38,000. Finally, Enterprise Bank & Trust Co acquired a new stake in shares of Gulfport Energy in the 3rd quarter worth $41,000. Institutional investors own 94.66% of the company’s stock.

About Gulfport Energy

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.

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Earnings History and Estimates for Gulfport Energy (NASDAQ:GPOR)

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