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CAN GULFPORT ENERGY CORPORATION POST AN EARNINGS SURPRISE THIS QUARTER?

Gulfport Energy Corporation (NASDAQ:GPOR) most recently reported earnings per share of $0 for the period ending on 2015-06-30. This number was $0.17 away from the conensus estimate calculated immediately prior to the actual announcement, or a 100% earnings surprise factor.

Publicly traded companies often feel immense pressure to meet or beat consensus earnings estimates each quarter. When a company does so consistently, executives and investors are often rewarded by a higher share price. On the other hand, when a company regularly misses Street expectations, the stock is often punished.

According to the latest available information Gulfport Energy Corporation (NASDAQ:GPOR) is expected to issue their next quarterly earnings announcement on or around 2015-11-04. Research firms polled by Zacks are expecting the earnings per share of $-0.18 for the quarter. This number is based on the 20 sell-side analysts polled by Zacks. Buy-side institutions and retail investors alike will be closely monitoring the direction of this estimate and the revisions as the earnings date approaches.

Gulfport Energy Corporation (NASDAQ:GPOR) will next issue their quarterly earnings announcement on 2015-11-04. Brokerage firm analysts surveyed by Zacks research are estimating earnings of $-0.18 per share. This is the consensus number calculated from the 20 polled analysts taken into consideration by Zacks. Institutions and investors alike will be closely monitoring estimate revisions of the EPS numbers leading up to the expected results date.

Stock Targets

Wall Street analysts covering the stock, on a consensus basis, have a one-year price target of $52 on the equity. This is based on the 20 individual recommendations by the firms tracked by Zacks. The most aggressive target sees the stock headed to $75 while the most bearish has a $40 target. Zacks also uses a method in order to simplify the various recommendations into a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. Shares of Gulfport Energy Corporation currently have an average broker rating of 1.24. Three months ago when the same analysts were polled, the ABR was at 1.24

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company with its principal producing properties located along the Louisiana Gulf Coast in the West Cote Blanche Bay, or WCBB, and Hackberry fields, and in West Texas in the Permian Basin. During the year ended December, 31, 2011, it acquired its initial acreage position in the Utica Shale in Eastern Ohio. The Company also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC, and has interests in entities that operate in Southeast Asia, including the Phu Horm gas field in Thailand. In February 2013, it raised its stake to 93.8%, by acquiring a 16.2% stake in the Utica Shale assets, located in Ohio, from Windsor Ohio LLC.

 

Source: Investor Newswire

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