Brokerages Anticipate Gulfport Energy Corporation (GPOR) Will Post Quarterly Sales of $297.19 Million

Brokerages expect Gulfport Energy Corporation (NASDAQ:GPOR) to report $297.19 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Gulfport Energy Corporation’s earnings. The highest sales estimate is $314.00 million and the lowest is $274.00 million. Gulfport Energy Corporation reported sales of $193.69 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 53.4%. The company is expected to issue its next earnings results on Wednesday, November 1st.

On average, analysts expect that Gulfport Energy Corporation will report full year sales of $297.19 million for the current year, with estimates ranging from $1.12 billion to $1.34 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.50 billion per share, with estimates ranging from $1.37 billion to $1.60 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Gulfport Energy Corporation.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The company had revenue of $323.90 million during the quarter, compared to the consensus estimate of $279.59 million. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The firm’s quarterly revenue was up 1052.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share.

A number of brokerages have recently commented on GPOR. Piper Jaffray Companies reiterated an “overweight” rating on shares of Gulfport Energy Corporation in a research note on Wednesday, June 21st. Zacks Investment Research cut Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Scotiabank reiterated a “buy” rating and issued a $23.00 price target on shares of Gulfport Energy Corporation in a research note on Friday, June 30th. BidaskClub upgraded Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Royal Bank Of Canada set a $25.00 price target on Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. Gulfport Energy Corporation currently has a consensus rating of “Buy” and a consensus target price of $25.14.

Gulfport Energy Corporation (GPOR) traded up 2.29% during midday trading on Wednesday, hitting $13.38. The stock had a trading volume of 3,587,606 shares. The company’s market capitalization is $2.45 billion. The company’s 50-day moving average price is $12.26 and its 200 day moving average price is $14.66. Gulfport Energy Corporation has a 52 week low of $10.90 and a 52 week high of $30.47.

Institutional investors have recently bought and sold shares of the business. TIAA CREF Investment Management LLC lifted its position in shares of Gulfport Energy Corporation by 7.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 436,077 shares of the oil and gas producer’s stock worth $7,496,000 after buying an additional 30,726 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Gulfport Energy Corporation by 18.8% during the 1st quarter. Geode Capital Management LLC now owns 1,340,493 shares of the oil and gas producer’s stock worth $23,043,000 after buying an additional 211,708 shares in the last quarter. Capstone Asset Management Co. lifted its position in shares of Gulfport Energy Corporation by 23.3% during the 1st quarter. Capstone Asset Management Co. now owns 12,762 shares of the oil and gas producer’s stock worth $219,000 after buying an additional 2,410 shares in the last quarter. Virginia Retirement Systems ET AL lifted its position in shares of Gulfport Energy Corporation by 65.1% during the 1st quarter. Virginia Retirement Systems ET AL now owns 28,564 shares of the oil and gas producer’s stock worth $491,000 after buying an additional 11,264 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC lifted its position in shares of Gulfport Energy Corporation by 2.8% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 27,372 shares of the oil and gas producer’s stock worth $471,000 after buying an additional 756 shares in the last quarter. 86.78% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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