Gulfport Energy Corp. (NASDAQ:GPOR) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 8,329,187 shares, a drop of 17.7% from the September 15th total of 10,122,954 shares. Based on an average trading volume of 3,437,896 shares, the days-to-cover ratio is presently 2.4 days. Approximately 6.7% of the shares of the company are short sold.

Hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in shares of Gulfport Energy Corp. by 2.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,834 shares of the company’s stock worth $370,000 after buying an additional 299 shares in the last quarter. IndexIQ Advisors LLC increased its position in shares of Gulfport Energy Corp. by 7.5% in the second quarter. IndexIQ Advisors LLC now owns 4,901 shares of the company’s stock worth $153,000 after buying an additional 344 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Gulfport Energy Corp. by 0.5% in the second quarter. Nuveen Asset Management LLC now owns 75,006 shares of the company’s stock worth $2,345,000 after buying an additional 376 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Gulfport Energy Corp. by 2.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 21,639 shares of the company’s stock worth $676,000 after buying an additional 414 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in shares of Gulfport Energy Corp. by 2.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 27,361 shares of the company’s stock worth $855,000 after buying an additional 558 shares in the last quarter.

Gulfport Energy Corp. (NASDAQ:GPOR) opened at 29.97 on Friday. Gulfport Energy Corp. has a 52-week low of $20.21 and a 52-week high of $35.99. The company’s market cap is $3.76 billion. The stock’s 50 day moving average price is $28.47 and its 200 day moving average price is $29.34.

Gulfport Energy Corp. (NASDAQ:GPOR) last posted its earnings results on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.13 by $0.11. Gulfport Energy Corp. had a positive return on equity of 1.61% and a negative net margin of 216.29%. Analysts expect that Gulfport Energy Corp. will post $0.65 earnings per share for the current year.

A number of brokerages have commented on GPOR. Zacks Investment Research upgraded shares of Gulfport Energy Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Tuesday, June 28th. Wunderlich increased their price target on shares of Gulfport Energy Corp. from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 27th. Vetr upgraded shares of Gulfport Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $35.67 price target for the company in a research note on Monday, July 11th. Wells Fargo & Co. reiterated an “outperform” rating on shares of Gulfport Energy Corp. in a research note on Wednesday, July 6th. Finally, Jefferies Group reiterated a “buy” rating on shares of Gulfport Energy Corp. in a research note on Friday, September 9th. Nine research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Gulfport Energy Corp. presently has an average rating of “Buy” and an average price target of $34.81.

About Gulfport Energy Corp.

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has 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.

5 Day Chart for NASDAQ:GPOR

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