Gulfport Energy (GPOR) came out with quarterly earnings of $4.80 per share, beating the Zacks Consensus Estimate of $3.90 per share. This compares to earnings of $3.10 per share a year ago.
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Gulfport (GPOR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
GPOR's focus on cost efficiency has been a significant driver of its financial health and margin improvements.
Does Gulfport Energy (GPOR) have what it takes to be a top stock pick for momentum investors? Let's find out.
Wolfe Research upgraded Gulfport Energy to Outperform from Peer Perform with a $207 price target. Gulfport has the cost structure, incremental liquids mix, and balance sheet to benefit from a higher mid-cycle gas price that the firm sees with upside volume beyond the clearing price necessary to meet demand, the analyst tells investors in a research note. By Wolfe's analysis, Gulfport can sustain 2024 activity for at least 10 years, with upside from incremental locations from Marcellus delineation and liquids rich Utica bolt-on programs, the analyst adds.
Following Wednesday's FOMC meeting and press conference from Jerome Powell, it seems 2025 may be shaping up to be a bit more uncertain than investors were expecting. Powell expressed his concern about rising inflation and signaled the central bank was going to be more hawkish moving forward.
Gulfport's oil percentage may reach 4% in 2025, compared to 1.6% in Q2 2024. This increases the economic value of its production even if Gulfport's total production volumes are unchanged. Gulfport is projected to generate approximately $331 million in 2025 free cash flow at $3 NYMEX gas.
Gulfport Energy Corporation (NYSE:GPOR ) Q3 2024 Earnings Conference Call November 6, 2024 9:00 AM ET Company Participants Jessica Antle - Vice President, Investor Relations John Reinhart - President & Chief Executive Officer Michael Hodges - Executive Vice President & Chief Financial Officer Conference Call Participants Bert Donnes - Truist Securities Doug Leggate - Wolfe Research Zach Parham - JPMorgan Tim Rezvan - KeyBanc Capital Markets Inc. Noah Hungness - Bank of America Jacob Roberts - TPH Operator Greetings, and welcome to the Gulfport Energy Corporation Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Gulfport Energy (GPOR) came out with quarterly earnings of $3.37 per share, beating the Zacks Consensus Estimate of $2.96 per share. This compares to loss of $1.30 per share a year ago.