Wall Street analysts forecast that Gulfport Energy Co. (NASDAQ:GPOR) will post sales of $329.17 million for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Gulfport Energy’s earnings. The highest sales estimate is $344.00 million and the lowest is $289.00 million. Gulfport Energy reported sales of $360.96 million in the same quarter last year, which indicates a negative year over year growth rate of 8.8%. The business is expected to announce its next quarterly earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Gulfport Energy will report full year sales of $1.36 billion for the current financial year, with estimates ranging from $1.26 billion to $1.47 billion. For the next year, analysts forecast that the business will report sales of $1.27 billion, with estimates ranging from $1.12 billion to $1.36 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Gulfport Energy.

Gulfport Energy (NASDAQ:GPOR) last issued its earnings results on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $459.00 million for the quarter, compared to analyst estimates of $312.43 million. Gulfport Energy had a net margin of 33.82% and a return on equity of 7.34%. Gulfport Energy’s revenue was up 81.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share.

GPOR has been the topic of several research analyst reports. Jefferies Financial Group lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from $11.00 to $5.00 in a research note on Monday, July 15th. BidaskClub lowered shares of Gulfport Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 16th. Credit Suisse Group lowered shares of Gulfport Energy from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 9th. Zacks Investment Research raised shares of Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.75 target price on the stock in a research note on Tuesday, August 6th. Finally, Williams Capital lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.68.

NASDAQ GPOR traded up $0.01 on Friday, hitting $3.03. 3,670,169 shares of the company were exchanged, compared to its average volume of 4,021,782. The company has a market cap of $500.37 million, a PE ratio of 1.66, a PEG ratio of 0.26 and a beta of 0.81. Gulfport Energy has a 12 month low of $2.84 and a 12 month high of $12.08. The stock has a fifty day moving average of $3.65 and a 200-day moving average of $6.07. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62.

Hedge funds have recently made changes to their positions in the company. Searle & CO. purchased a new stake in shares of Gulfport Energy in the first quarter valued at about $281,000. Penn Capital Management Co. Inc. raised its holdings in shares of Gulfport Energy by 133.4% in the first quarter. Penn Capital Management Co. Inc. now owns 128,954 shares of the oil and gas producer’s stock valued at $1,034,000 after purchasing an additional 73,704 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Gulfport Energy by 2.3% in the first quarter. Parametric Portfolio Associates LLC now owns 1,534,882 shares of the oil and gas producer’s stock valued at $12,310,000 after purchasing an additional 34,407 shares during the last quarter. Deltec Asset Management LLC raised its holdings in shares of Gulfport Energy by 37.3% in the first quarter. Deltec Asset Management LLC now owns 1,308,747 shares of the oil and gas producer’s stock valued at $10,496,000 after purchasing an additional 355,575 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. raised its holdings in shares of Gulfport Energy by 741.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 355,437 shares of the oil and gas producer’s stock valued at $2,851,000 after purchasing an additional 313,206 shares during the last quarter. Institutional investors own 96.49% of the company’s stock.

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 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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