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Surging Earnings Estimates Signal Good News for Gulfport Energy (GPOR)

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Gulfport Energy Corporation (GPOR - Free Report) , which owns and operates mature oil and gas properties, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on GPOR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Gulfport Energy could be a solid choice for investors.

Current Quarter Estimates for GPOR

In the past 30 days, six estimates have gone higher for Gulfport Energy while two have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 27 cents a share 30 days ago, to 31 cents today, a move of 14.8%.

Current Year Estimates for GPOR

Meanwhile, Gulfport Energy’s current year figures are also looking quite promising, with seven estimates moving higher in the past month, compared to three lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.26 per share 30 days ago to $1.42 per share today, an increase of 12.7%.

Gulfport Energy Corporation Price and Consensus

Gulfport Energy Corporation Price and Consensus | Gulfport Energy Corporation Quote

Bottom Line

The stock has also started to move higher lately, adding 12.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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