Gulfport Energy Corporation (GPOR) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.14 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.11. The company posted revenue of $156.96 million in the period, compared to analysts expectations of $170.68 million. The company’s revenue was down -11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.
Many Wall Street Analysts have commented on Gulfport Energy Corporation. Gulfport Energy Corporation was Downgraded by Alembic Global Advisors to ” Neutral” on Apr 5, 2016. RBC Capital Mkts Resumed Gulfport Energy Corporation on Mar 18, 2016 to “Outperform”, Price Target of the shares are set at $34.Shares were Reiterated by Topeka Capital Markets on Mar 10, 2016 to “Buy” and Lowered the Price Target to $ 36 from a previous price target of $38 .
Gulfport Energy Corporation closed down -1.28 points or -4.09% at $30.02 with 27,28,049 shares getting traded on Monday. Post opening the session at $31.12, the shares hit an intraday low of $29.26 and an intraday high of $31.12 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Apr 14, 2016, Keri Crowell (Chief Accounting Officer) sold 3,000 shares at $30.00 per share price. According to the SEC, on Apr 14, 2016, Steve Baldwin (VP of Reservoir Engineering) sold 4,000 shares at $30.00 per share price. On Mar 24, 2016, Michael G Moore (President & CEO) sold 22,500 shares at $28.38 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 Companys 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.