Seaport Global Securities Weighs in on Gulfport Energy Corporation’s Q3 2017 Earnings (GPOR)

Gulfport Energy Corporation (NASDAQ:GPOR) – Investment analysts at Seaport Global Securities boosted their Q3 2017 earnings estimates for Gulfport Energy Corporation in a report issued on Wednesday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas producer will post earnings of $0.20 per share for the quarter, up from their previous forecast of $0.19. Seaport Global Securities also issued estimates for Gulfport Energy Corporation’s Q4 2017 earnings at $0.27 EPS and FY2017 earnings at $0.97 EPS.

A number of other equities research analysts have also weighed in on GPOR. Zacks Investment Research raised shares of Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday. BidaskClub raised shares of Gulfport Energy Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Piper Jaffray Companies reissued an “overweight” rating on shares of Gulfport Energy Corporation in a research report on Wednesday, June 21st. Scotiabank reaffirmed a “buy” rating and issued a $23.00 target price on shares of Gulfport Energy Corporation in a report on Friday, June 30th. Finally, Stifel Nicolaus decreased their target price on shares of Gulfport Energy Corporation from $26.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. Gulfport Energy Corporation has an average rating of “Buy” and an average target price of $27.23.

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Gulfport Energy Corporation (NASDAQ GPOR) opened at 13.92 on Friday. The firm’s market cap is $2.55 billion. Gulfport Energy Corporation has a 12-month low of $12.47 and a 12-month high of $32.50. The company has a 50-day moving average of $14.52 and a 200 day moving average of $17.86.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its quarterly earnings data on Monday, May 8th. The oil and gas producer reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.14. The business had revenue of $333 million during the quarter, compared to the consensus estimate of $224.93 million. During the same period in the prior year, the firm earned $0.14 EPS. The business’s revenue for the quarter was up 112.2% compared to the same quarter last year.

Several institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in shares of Gulfport Energy Corporation by 180.7% in the fourth quarter. FMR LLC now owns 263,282 shares of the oil and gas producer’s stock worth $5,697,000 after buying an additional 169,500 shares in the last quarter. Credit Agricole S A increased its position in shares of Gulfport Energy Corporation by 90.1% in the fourth quarter. Credit Agricole S A now owns 46,398 shares of the oil and gas producer’s stock worth $1,004,000 after buying an additional 21,993 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Gulfport Energy Corporation by 3.8% in the fourth quarter. Guggenheim Capital LLC now owns 209,032 shares of the oil and gas producer’s stock worth $4,523,000 after buying an additional 7,567 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Gulfport Energy Corporation by 30.0% in the fourth quarter. AQR Capital Management LLC now owns 28,800 shares of the oil and gas producer’s stock worth $623,000 after buying an additional 6,643 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Gulfport Energy Corporation by 17.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 45,840 shares of the oil and gas producer’s stock worth $992,000 after buying an additional 6,850 shares in the last quarter. 88.03% of the stock is owned by institutional investors and hedge funds.

About Gulfport Energy Corporation

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.

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

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