Published: Wed, May 16, 2018
Markets | By Otis Pena

Q2 2018 Earnings Forecast for Gulfport Energy Co. (GPOR) Issued By KeyCorp


Capital One analyst B. Velie now forecasts that the oil and gas producer will post earnings of $0.33 per share for the quarter, up from their previous forecast of $0.31. Gulfport Energy Corp (NASDAQ:GPOR)'s price to sales ratio for trailing twelve month stands at 1.42, whereas its price to book ratio for the most recent quarters is at 0.62.

Stocks closed higher on Monday amid hopes of a potential breakthrough in trade tensions between the US and China, the world's two leading economies. About 884,444 shares traded. It has underperformed by 55.90% the S&P500. Wall Street analysts covering the stock are projecting that the stock will reach $14.7 within the next 52-weeks. The lowest target is $7 while the high is $26. Take a view on its past five year record, annual EPS growth rate was -6.70%. Williams Capital set a $17.00 price target on shares of Gulfport Energy and gave the company a "buy" rating in a report on Thursday, February 22nd. The stock increased 0.82% or $0.07 during the last trading session, reaching $8.61. It now trades at $43.91 and has returned 9.20% during the past week. Guggenheim Enhanced Equity Income Fund (NYSE:GPM) has risen 3.88% since May 14, 2017 and is uptrending. It has outperformed by 15.07% the S&P500.

Nuvectra Corporation, a neuromodulation medical device company, develops and commercializes its neurostimulation technology platform for the treatment of various disorders in neuroscience and clinical markets in Europe. It has a market cap of $1.82 Billion. The firm offers Algovita spinal cord stimulation system that is used for the treatment of chronic pain of the trunk and limbs. GPOR has a current ratio of 0.60 compared to 1.10 for CEIX.

Shares of GPOR stock opened at $8.76 on Friday. It dived, as 28 investors sold GPOR shares while 80 reduced holdings. 151.17 million shares or 2.70% less from 155.36 million shares in 2017Q3 were reported. Hbk Lp has 488,500 shares for 0.06% of their portfolio. After a recent check, Gulfport Energy Corporation stock is found to be 6.22% volatile for the week, while 4.91% volatility recorded for the month with ATR of 0.5. Prelude Limited Liability Corp accumulated 121,617 shares. Us Bancshares De stated it has 40,968 shares or 0% of all its holdings. Utah Retirement reported 0.01% stake. The New York-based Firefly Value Partners Lp has invested 5.74% in the stock.

Gulfport Energy Corp (NASDAQ:GPOR) shares traded on -0.39% below secure line and closed at $10.31.

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However out of 15 analysts 7 suggest Gulfport Energy Corp (NASDAQ:GPOR) a Strong Buy, 10 suggested Buy, 8 Hold and 1 Sell, while 0 analysts recommend the stock a Strong Sell. Brenham Capital Management L.P. owns 4.80 million shares or 6.87% of their United States portfolio. KeyCorp also issued estimates for Gulfport Energy's Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.48 EPS and FY2019 earnings at $1.85 EPS. Wherethe relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement.

Since January 1, 0001, it had 3 buys, and 8 insider sales for $1.92 million activity. 10,000 shares were bought by Westerman Paul D, worth $101,392 on Tuesday, February 27. $5,398 worth of stock was bought by Johnson Charles Douglas on Tuesday, March 13. About 2.89M shares traded. Baldwin Steve also sold $48,666 worth of Gulfport Energy Corporation (NASDAQ:GPOR) shares. Crowell Keri sold $194,582 worth of stock or 16,000 shares.

EP Energy Corporation (EPE) is estimating to achieve earnings per share (EPS) growth of -615.60% for this year while EPS growth expected to touch -39.10% for next year.

Gulfport Energy Corporation has a consensus outperform rating from 26 Wall Street analysts, and the number of shares now sold short amount to at least 7.1% of shares outstanding. Therefore 70% are positive. Gulfport Energy Corporation had 107 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Monday, March 19 with "Buy". (NYSE:MGA) has "Buy" rating given on Monday, January 25 by Citigroup. As per Tuesday, November 3, the company rating was initiated by Jefferies. With 3.64 million avg volume, 3 days are for Gulfport Energy Corporation (NASDAQ:GPOR)'s short sellers to cover GPOR's short positions. Tudor Inv Corporation Et Al holds 0% in Gulfport Energy Corporation (NASDAQ:GPOR) or 13,017 shares. The stock has "Buy" rating by Piper Jaffray on Tuesday, January 9. Morgan Stanley maintained the shares of GPOR in report on Wednesday, October 18 with "Underweight" rating.

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