Brokers Set Expectations for Gulfport Energy Co.’s Q1 2018 Earnings (GPOR)

Gulfport Energy Co. (NASDAQ:GPOR) – Equities researchers at Jefferies Group issued their Q1 2018 EPS estimates for shares of Gulfport Energy in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Jefferies Group analyst Z. Parham anticipates that the oil and gas producer will post earnings of $0.39 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $22.00 target price on the stock. Jefferies Group also issued estimates for Gulfport Energy’s Q2 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.50 EPS and FY2018 earnings at $1.74 EPS.

Several other equities analysts also recently issued reports on the company. Royal Bank of Canada reiterated a “buy” rating and issued a $29.00 price objective on shares of Gulfport Energy in a research report on Friday. Williams Capital reiterated a “buy” rating and issued a $28.00 price objective on shares of Gulfport Energy in a research report on Wednesday. Morgan Stanley downgraded Gulfport Energy from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 28th. Scotiabank reiterated a “buy” rating and issued a $29.00 price objective on shares of Gulfport Energy in a research report on Monday, March 27th. Finally, Stifel Nicolaus began coverage on Gulfport Energy in a research report on Thursday, March 23rd. They issued a “buy” rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $30.26.

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

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Shares of Gulfport Energy (NASDAQ:GPOR) traded up 2.28% during trading on Thursday, hitting $16.59. The company’s stock had a trading volume of 4,583,174 shares. The firm’s 50 day moving average is $16.73 and its 200-day moving average is $21.90. The company’s market capitalization is $2.63 billion. Gulfport Energy has a 1-year low of $15.31 and a 1-year high of $34.67.

Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Monday, February 13th. The oil and gas producer reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. The business earned $202.70 million during the quarter, compared to analyst estimates of $197.91 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The business’s revenue for the quarter was down 66.7% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Partners boosted its position in Gulfport Energy by 4,517.3% in the third quarter. Boston Partners now owns 12,808,323 shares of the oil and gas producer’s stock worth $361,835,000 after buying an additional 12,530,923 shares during the last quarter. State Street Corp boosted its position in Gulfport Energy by 7.0% in the fourth quarter. State Street Corp now owns 5,074,543 shares of the oil and gas producer’s stock worth $109,808,000 after buying an additional 330,787 shares during the last quarter. BlackRock Fund Advisors boosted its position in Gulfport Energy by 3.9% in the third quarter. BlackRock Fund Advisors now owns 4,805,659 shares of the oil and gas producer’s stock worth $135,760,000 after buying an additional 180,274 shares during the last quarter. BlackRock Advisors LLC boosted its position in Gulfport Energy by 0.4% in the third quarter. BlackRock Advisors LLC now owns 3,642,804 shares of the oil and gas producer’s stock worth $102,909,000 after buying an additional 13,429 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in Gulfport Energy by 31.0% in the third quarter. D. E. Shaw & Co. Inc. now owns 3,039,977 shares of the oil and gas producer’s stock worth $85,879,000 after buying an additional 719,571 shares during the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

About Gulfport Energy

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

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