Q4 2016 EPS Estimates for Gulfport Energy Corporation Boosted by Analyst (GPOR)

Q4 2016 EPS Estimates for Gulfport Energy Corporation Boosted by Analyst (GPOR)

Gulfport Energy Corporation (NASDAQ:GPOR) – Research analysts at Seaport Global Securities increased their Q4 2016 earnings per share (EPS) estimates for Gulfport Energy Corporation in a report issued on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the brokerage will post earnings of $0.14 per share for the quarter, up from their prior forecast of $0.10. Seaport Global Securities also issued estimates for Gulfport Energy Corporation’s Q1 2017 earnings at $0.26 EPS, Q4 2017 earnings at $0.45 EPS and FY2017 earnings at $1.19 EPS.

A number of other equities analysts have also weighed in on the company. Guggenheim raised Gulfport Energy Corporation from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday, December 19th. Zacks Investment Research raised Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, January 17th. Goldman Sachs Group, Inc. (The) raised Gulfport Energy Corporation from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Tuesday, October 18th. Tudor Pickering lowered Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 24th. Finally, Canaccord Genuity set a $33.00 target price on Gulfport Energy Corporation and gave the stock a “buy” rating in a research report on Thursday, January 12th. Ten research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $32.96.

Gulfport Energy Corporation (NASDAQ:GPOR) traded down 0.72% during trading on Friday, hitting $22.02. 885,441 shares of the stock were exchanged. The company has a 50-day moving average price of $22.85 and a 200 day moving average price of $26.29. Gulfport Energy Corporation has a 1-year low of $20.24 and a 1-year high of $34.67. The firm’s market capitalization is $2.76 billion.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. The firm earned $193.70 million during the quarter, compared to the consensus estimate of $170.57 million. During the same quarter last year, the business posted ($0.08) earnings per share. Gulfport Energy Corporation’s revenue was down 16.0% compared to the same quarter last year.

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in shares of Gulfport Energy Corporation by 816.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,611 shares of the company’s stock valued at $102,000 after buying an additional 3,217 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Gulfport Energy Corporation by 14.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,901 shares of the company’s stock valued at $110,000 after buying an additional 488 shares in the last quarter. IndexIQ Advisors LLC raised its position in shares of Gulfport Energy Corporation by 5.9% in the third quarter. IndexIQ Advisors LLC now owns 5,190 shares of the company’s stock valued at $147,000 after buying an additional 289 shares in the last quarter. Dreman Value Management L L C purchased a new position in shares of Gulfport Energy Corporation during the third quarter valued at approximately $161,000. Finally, OLD National Bancorp IN purchased a new position in shares of Gulfport Energy Corporation during the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 82.42% of the company’s stock.

Gulfport Energy Corporation Company Profile

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects.

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