Gulfport Energy Co. (NASDAQ:GPOR) – Investment analysts at Imperial Capital raised their FY2018 earnings estimates for shares of Gulfport Energy in a report released on Tuesday, April 24th. Imperial Capital analyst J. Wangler now anticipates that the oil and gas producer will earn $1.35 per share for the year, up from their prior forecast of $1.30.
GPOR has been the topic of a number of other research reports. Piper Jaffray reissued a “buy” rating and issued a $20.00 target price on shares of Gulfport Energy in a report on Tuesday, January 9th. ValuEngine lowered Gulfport Energy from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Zacks Investment Research lowered Gulfport Energy from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Morgan Stanley dropped their target price on Gulfport Energy from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday, January 31st. Finally, Guggenheim reissued a “buy” rating and issued a $12.50 target price on shares of Gulfport Energy in a report on Tuesday, March 27th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $17.99.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.06. Gulfport Energy had a return on equity of 8.64% and a net margin of 32.96%. The company had revenue of $397.85 million during the quarter, compared to analysts’ expectations of $337.95 million. During the same quarter in the previous year, the business earned $0.34 earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Icon Advisers Inc. Co. boosted its position in Gulfport Energy by 0.7% during the fourth quarter. Icon Advisers Inc. Co. now owns 984,474 shares of the oil and gas producer’s stock worth $12,562,000 after purchasing an additional 6,400 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Gulfport Energy by 4.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 149,397 shares of the oil and gas producer’s stock worth $1,906,000 after purchasing an additional 6,989 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in Gulfport Energy by 20.0% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 60,000 shares of the oil and gas producer’s stock worth $766,000 after purchasing an additional 10,000 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Gulfport Energy during the fourth quarter worth $137,000. Finally, Crossmark Global Holdings Inc. boosted its position in Gulfport Energy by 87.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 27,694 shares of the oil and gas producer’s stock worth $353,000 after purchasing an additional 12,952 shares in the last quarter. Institutional investors own 88.78% of the company’s stock.
In other news, Director Paul D. Westerman bought 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of $10.14 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director now owns 25,488 shares in the company, valued at $258,448.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.
Gulfport Energy announced that its board has approved a share buyback program on Monday, January 29th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the oil and gas producer to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
Gulfport Energy Company Profile
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
Receive News & Ratings for Gulfport Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy and related companies with MarketBeat.com's FREE daily email newsletter.