Teacher Retirement System of Texas increased its position in Gulfport Energy Corp. (NASDAQ:GPOR) by 64.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 462,653 shares of the company’s stock after buying an additional 181,718 shares during the period. Teacher Retirement System of Texas owned approximately 0.37% of Gulfport Energy Corp. worth $13,070,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. IBM Retirement Fund boosted its position in Gulfport Energy Corp. by 17.1% in the second quarter. IBM Retirement Fund now owns 12,676 shares of the company’s stock worth $396,000 after buying an additional 1,848 shares during the period. Selz Capital LLC bought a new position in Gulfport Energy Corp. during the second quarter worth approximately $1,563,000. Thomson Horstmann & Bryant Inc. bought a new position in Gulfport Energy Corp. during the second quarter worth approximately $307,000. Nikko Asset Management Americas Inc. boosted its position in Gulfport Energy Corp. by 33.2% in the second quarter. Nikko Asset Management Americas Inc. now owns 243,100 shares of the company’s stock worth $7,663,000 after buying an additional 60,600 shares during the period. Finally, Nordea Investment Management AB bought a new position in Gulfport Energy Corp. during the second quarter worth approximately $645,000.

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

Gulfport Energy Corp. (NASDAQ:GPOR) traded up 0.31% during midday trading on Tuesday, hitting $25.68. The stock had a trading volume of 1,079,682 shares. The firm’s market cap is $3.22 billion. The firm has a 50 day moving average of $25.69 and a 200 day moving average of $28.50. Gulfport Energy Corp. has a 52 week low of $20.21 and a 52 week high of $34.67.

Gulfport Energy Corp. (NASDAQ:GPOR) last announced its earnings results on Wednesday, November 2nd. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. The company earned $193.70 million during the quarter, compared to the consensus estimate of $170.57 million. Gulfport Energy Corp. had a positive return on equity of 3.30% and a negative net margin of 216.29%. The firm’s revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) earnings per share. Equities research analysts predict that Gulfport Energy Corp. will post $0.74 EPS for the current year.

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GPOR has been the subject of a number of research reports. KLR Group upgraded shares of Gulfport Energy Corp. from an “accumulate” rating to a “buy” rating and dropped their price objective for the company from $39.00 to $37.00 in a report on Friday, August 5th. Barclays PLC raised their price objective on shares of Gulfport Energy Corp. from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, August 5th. Morgan Stanley reiterated a “hold” rating and issued a $40.00 price objective on shares of Gulfport Energy Corp. in a report on Friday, August 5th. Jefferies Group upgraded shares of Gulfport Energy Corp. from an “underperform” rating to a “hold” rating in a report on Friday, August 19th. Finally, KeyCorp dropped their price objective on shares of Gulfport Energy Corp. from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, August 22nd. Ten equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $34.54.

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.

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