Cornerstone Capital Management Holdings LLC. Invests $1.08 Million in Gulfport Energy Corporation (GPOR)

Cornerstone Capital Management Holdings LLC. purchased a new stake in Gulfport Energy Corporation (NASDAQ:GPOR) during the first quarter, Holdings Channel reports. The fund purchased 63,100 shares of the oil and gas producer’s stock, valued at approximately $1,084,000.

Several other large investors have also modified their holdings of the company. Elkfork Partners LLC acquired a new stake in shares of Gulfport Energy Corporation during the fourth quarter valued at approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Gulfport Energy Corporation by 54.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,044 shares of the oil and gas producer’s stock valued at $104,000 after buying an additional 2,143 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in Gulfport Energy Corporation by 38.4% in the first quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock valued at $146,000 after buying an additional 2,352 shares during the last quarter. Gideon Capital Advisors Inc. purchased a new position in Gulfport Energy Corporation during the fourth quarter valued at $212,000. Finally, Sciencast Management LP purchased a new position in Gulfport Energy Corporation during the fourth quarter valued at $212,000. Institutional investors own 88.32% of the company’s stock.

Institutional Ownership by Quarter for Gulfport Energy Corporation (NASDAQ:GPOR)

Shares of Gulfport Energy Corporation (GPOR) traded down 4.32% during mid-day trading on Tuesday, hitting $12.62. 512,958 shares of the stock were exchanged. Gulfport Energy Corporation has a 12-month low of $12.56 and a 12-month high of $34.26. The stock’s 50 day moving average price is $14.93 and its 200-day moving average price is $18.55. The stock’s market capitalization is $2.31 billion.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its earnings results on Monday, May 8th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.14. The firm had revenue of $333 million during the quarter, compared to the consensus estimate of $224.93 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. Gulfport Energy Corporation’s revenue for the quarter was up 112.2% on a year-over-year basis. On average, equities research analysts expect that Gulfport Energy Corporation will post $1.38 EPS for the current fiscal year.

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Several research analysts recently weighed in on the stock. BidaskClub raised shares of Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Stifel Nicolaus reduced their price objective on shares of Gulfport Energy Corporation from $26.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, May 31st. Iberia Capital reissued an “outperform” rating and set a $26.00 price objective on shares of Gulfport Energy Corporation in a research note on Wednesday, May 31st. Royal Bank Of Canada set a $25.00 price objective on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Friday, June 2nd. Finally, Williams Capital reissued a “buy” rating and set a $28.00 price objective on shares of Gulfport Energy Corporation in a research note on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $28.91.

About Gulfport Energy Corporation

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:GPOR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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