Wall Street analysts predict that Gulfport Energy Co. (NASDAQ:GPOR) will report earnings of $0.19 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Gulfport Energy’s earnings, with estimates ranging from $0.03 to $0.27. Gulfport Energy reported earnings per share of $0.46 in the same quarter last year, which suggests a negative year over year growth rate of 58.7%. The company 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 earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.81 to $1.05. For the next fiscal year, analysts forecast that the business will report earnings of $0.29 per share, with EPS estimates ranging from ($0.33) to $0.84. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Gulfport Energy.

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

A number of brokerages recently commented on GPOR. Piper Jaffray Companies set a $7.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a research report on Friday, August 16th. BidaskClub downgraded shares of Gulfport Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 20th. Imperial Capital cut their price target on shares of Gulfport Energy from $11.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. ValuEngine raised Gulfport Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Williams Capital reiterated a “hold” rating and issued a $3.00 price objective on shares of Gulfport Energy in a report on Friday, November 1st. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Gulfport Energy currently has an average rating of “Hold” and a consensus price target of $6.40.

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Gulfport Energy by 4,927,254.2% during the first quarter. FMR LLC now owns 1,182,565 shares of the oil and gas producer’s stock valued at $9,484,000 after acquiring an additional 1,182,541 shares during the last quarter. First Trust Advisors LP increased its holdings in Gulfport Energy by 24.1% during the 1st quarter. First Trust Advisors LP now owns 654,452 shares of the oil and gas producer’s stock valued at $5,249,000 after purchasing an additional 126,888 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in Gulfport Energy by 119.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 366,957 shares of the oil and gas producer’s stock valued at $2,943,000 after purchasing an additional 200,000 shares during the last quarter. Brookstone Capital Management raised its position in Gulfport Energy by 105.6% during the 2nd quarter. Brookstone Capital Management now owns 82,228 shares of the oil and gas producer’s stock valued at $404,000 after purchasing an additional 42,239 shares during the last quarter. Finally, Strs Ohio lifted its holdings in Gulfport Energy by 7.5% in the 2nd quarter. Strs Ohio now owns 111,800 shares of the oil and gas producer’s stock worth $548,000 after buying an additional 7,800 shares during the period. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Shares of Gulfport Energy stock traded up $0.05 during trading on Friday, reaching $2.72. The company’s stock had a trading volume of 761,162 shares, compared to its average volume of 3,669,763. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.61. Gulfport Energy has a 52-week low of $2.28 and a 52-week 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 company has a market cap of $435.17 million, a price-to-earnings ratio of 1.49, a PEG ratio of 0.14 and a beta of 0.86.

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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