Revenue Update on Gulfport Energy Corporation(NASDAQ:GPOR)

Gulfport Energy Corporation(NASDAQ:GPOR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $63.416M. Analysts estimated a revenue of $197.710M. The revenues were -67.92% below the estimates. Earnings per share were $0.34. The reported EPS was above estimates by 70%. Analysts had estimated an EPS of $0.2.

In a different note, On Dec 19, 2016, Guggenheim said it Upgrades its rating on Gulfport Energy Corporation. The shares have been rated ‘Buy’ by the firm.

Gulfport Energy Corporation (GPOR) shares turned negative on Wednesdays trading session with the shares closing down -0.62 points or -3.22% at a volume of 40,12,435. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.13. The peak price level was also seen at $19.13 while the days lowest was $18.61. Finally the shares closed at $18.66. The 52-week high of the shares is $34.67 while the 52-week low is $18.61. According to the latest information available, the market cap of the company is $2,964 M.

Several Insider Transactions has been reported to the SEC. On Aug 24, 2016, Steve Baldwin (VP of Reservoir Engineering) sold 566 shares at $27.00 per share price.Also, On Jun 22, 2016, Stuart Maier (Vice President of Geosciences) sold 10,000 shares at $33.35 per share price.On Jun 17, 2016, Michael G Moore (President & CEO) sold 20,000 shares at $32.95 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.

Add Comment