Gulfport Energy Corporation (GPOR) Releases Earnings Results, Beats Expectations By $0.11 EPS

Gulfport Energy Corporation (GPOR) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.13. Analysts expectations of $169.22 million.

Many Wall Street Analysts have commented on Gulfport Energy Corporation. Piper Jaffray Resumed Gulfport Energy Corporation on Jul 8, 2016 to “Overweight”, Price Target of the shares are set at $40.Company shares were Reiterated by Wunderlich on Jun 27, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $35 .Gulfport Energy Corporation was Downgraded by KLR Group to ” Accumulate” on Jun 13, 2016.

Gulfport Energy Corporation opened for trading at $28.23 and hit $28.54 on the upside on Tusday, eventually ending the session at $27.89, with a gain of 0.11% or 0.03 points. The heightened volatility saw the trading volume jump to 14,63,592 shares. Company has a market cap of $3,496 M.

In a different news, on Jun 22, 2016, Stuart Maier (Vice President of Geosciences) sold 10,000 shares at $33.35 per share price. According to the SEC, on Jun 17, 2016, Michael G Moore (President & CEO) sold 20,000 shares at $32.95 per share price. On Jun 9, 2016, Steve Baldwin (VP of Reservoir Engineering) sold 10,000 shares at $32.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration exploitation acquisition and production of crude oil natural gas liquids and natural gas in the United States. It has developed 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. The Company’s principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields. In addition the Company has producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. It also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly) and interests in entities that operate in Southeast Asia including the Phu Horm gas field in Thailand.

Gulfport Energy Corporation

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