Williams Capital Analysts Decrease Earnings Estimates for Gulfport Energy Corporation (GPOR)

Gulfport Energy Corporation (NASDAQ:GPOR) – Equities researchers at Williams Capital lowered their Q2 2017 earnings per share (EPS) estimates for Gulfport Energy Corporation in a research report issued on Tuesday. Williams Capital analyst G. Sorbara now expects that the brokerage will post earnings per share of $0.27 for the quarter, down from their prior forecast of $0.38. Williams Capital has a “Buy” rating and a $32.00 price objective on the stock. Williams Capital also issued estimates for Gulfport Energy Corporation’s Q3 2017 earnings at $0.27 EPS, Q4 2017 earnings at $0.32 EPS, Q1 2018 earnings at $0.39 EPS and Q2 2018 earnings at $0.35 EPS.

Gulfport Energy Corporation (NASDAQ:GPOR) last posted its quarterly earnings results on Monday, February 13th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The business had revenue of $202.70 million for the quarter, compared to analyst estimates of $197.91 million. The business’s revenue was down 66.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) earnings per share.

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

GPOR has been the subject of a number of other research reports. Wolfe Research upgraded shares of Gulfport Energy Corporation to an “outperform” rating in a research report on Friday, January 20th. Zacks Investment Research upgraded shares of Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, January 17th. RBC Capital Markets restated a “buy” rating and set a $31.00 price objective on shares of Gulfport Energy Corporation in a research report on Wednesday, January 4th. Johnson Rice restated a “buy” rating on shares of Gulfport Energy Corporation in a research report on Thursday, January 19th. Finally, KLR Group restated a “buy” rating and set a $31.00 price objective (down previously from $36.00) on shares of Gulfport Energy Corporation in a research report on Monday, December 19th. Nine equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $33.22.

Gulfport Energy Corporation (NASDAQ:GPOR) opened at 20.77 on Wednesday. The firm’s market capitalization is $2.61 billion. Gulfport Energy Corporation has a 52-week low of $19.54 and a 52-week high of $34.67. The company’s 50-day moving average is $21.17 and its 200-day moving average is $25.33.

This report was published by sleekmoney and is the sole property of of sleekmoney. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. and international copyright laws. The original version of this report can be viewed at http://sleekmoney.com/williams-capital-analysts-decrease-earnings-estimates-for-gulfport-energy-corporation-gpor/1662067.html.

Several hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake in 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 worth $102,000 after buying an additional 3,217 shares in the last quarter. Elkfork Partners LLC purchased a new stake in Gulfport Energy Corporation during the fourth quarter worth about $104,000. IndexIQ Advisors LLC raised its stake in Gulfport Energy Corporation by 5.9% in the third quarter. IndexIQ Advisors LLC now owns 5,190 shares of the company’s stock worth $147,000 after buying an additional 289 shares in the last quarter. Dreman Value Management L L C purchased a new stake in Gulfport Energy Corporation during the third quarter worth about $161,000. Finally, OLD National Bancorp IN purchased a new stake in Gulfport Energy Corporation during the third quarter worth about $202,000. Institutional investors own 85.13% of the company’s stock.

About Gulfport Energy Corporation

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.

5 Day Chart for NASDAQ:GPOR

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