Globeflex Capital L P acquired a new stake in Gulfport Energy Corporation (NASDAQ:GPOR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,810 shares of the oil and gas producer’s stock, valued at approximately $461,000.
Several other hedge funds have also recently made changes to their positions in GPOR. Russell Investments Group Ltd. purchased a new stake in shares of Gulfport Energy Corporation during the fourth quarter valued at $11,291,000. State Board of Administration of Florida Retirement System raised its stake in shares of Gulfport Energy Corporation by 7.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 173,334 shares of the oil and gas producer’s stock valued at $3,751,000 after buying an additional 11,921 shares during the last quarter. Comerica Bank raised its stake in shares of Gulfport Energy Corporation by 74.4% in the fourth quarter. Comerica Bank now owns 199,014 shares of the oil and gas producer’s stock valued at $4,137,000 after buying an additional 84,892 shares during the last quarter. State Street Corp raised its stake in shares of Gulfport Energy Corporation by 7.0% in the fourth quarter. State Street Corp now owns 5,074,543 shares of the oil and gas producer’s stock valued at $109,808,000 after buying an additional 330,787 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Gulfport Energy Corporation by 23.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,867 shares of the oil and gas producer’s stock valued at $495,000 after buying an additional 4,324 shares during the last quarter. 88.32% of the stock is currently owned by institutional investors.
Shares of Gulfport Energy Corporation (GPOR) traded down 3.94% during trading on Tuesday, reaching $12.67. The company’s stock had a trading volume of 2,641,316 shares. Gulfport Energy Corporation has a 52-week low of $12.47 and a 52-week high of $34.26. The company’s market cap is $2.32 billion. The firm’s 50-day moving average is $14.93 and its 200 day moving average is $18.55.
Gulfport Energy Corporation (NASDAQ:GPOR) last released its earnings results on Monday, May 8th. The oil and gas producer reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.14. The business had revenue of $333 million for the quarter, compared to the consensus estimate of $224.93 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was up 112.2% on a year-over-year basis. On average, equities research analysts predict that Gulfport Energy Corporation will post $1.38 EPS for the current fiscal year.
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GPOR has been the topic of several recent research reports. Deutsche Bank AG decreased their price objective on Gulfport Energy Corporation from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Tuesday, March 7th. Scotiabank set a $31.00 price objective on Gulfport Energy Corporation and gave the stock a “buy” rating in a report on Monday, March 20th. Jefferies Group LLC reissued a “buy” rating and set a $22.00 price objective on shares of Gulfport Energy Corporation in a report on Wednesday, March 22nd. Goldman Sachs Group, Inc. (The) lowered Gulfport Energy Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $31.00 to $21.00 in a report on Wednesday, March 22nd. Finally, Williams Capital reissued a “buy” rating on shares of Gulfport Energy Corporation in a report on Thursday, March 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. Gulfport Energy Corporation presently has a consensus rating of “Buy” and an average target price of $28.91.
Gulfport Energy Corporation Company Profile
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.
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