Prudential Financial Inc. boosted its stake in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 77.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,005,465 shares of the oil and gas producer’s stock after acquiring an additional 438,301 shares during the quarter. Prudential Financial Inc. owned approximately 0.55% of Gulfport Energy Corporation worth $14,831,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GPOR. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Gulfport Energy Corporation by 54.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,044 shares of the oil and gas producer’s stock worth $104,000 after acquiring an additional 2,143 shares during the last quarter. Elkfork Partners LLC grew its holdings in Gulfport Energy Corporation by 38.4% during the 1st quarter. Elkfork Partners LLC now owns 6,666 shares of the oil and gas producer’s stock worth $115,000 after acquiring an additional 1,848 shares during the last quarter. Meadow Creek Investment Management LLC grew its holdings in Gulfport Energy Corporation by 38.4% during the 1st quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock worth $146,000 after acquiring an additional 2,352 shares during the last quarter. World Asset Management Inc bought a new stake in Gulfport Energy Corporation during the 2nd quarter worth about $150,000. Finally, Glen Harbor Capital Management LLC grew its holdings in Gulfport Energy Corporation by 38.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 10,302 shares of the oil and gas producer’s stock worth $177,000 after acquiring an additional 2,856 shares during the last quarter. 86.78% of the stock is currently owned by hedge funds and other institutional investors.

GPOR has been the topic of a number of research analyst reports. KLR Group reaffirmed a “buy” rating and issued a $22.00 target price (down previously from $23.00) on shares of Gulfport Energy Corporation in a research note on Wednesday, May 17th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $21.00 target price (down previously from $22.00) on shares of Gulfport Energy Corporation in a research note on Tuesday, August 22nd. ValuEngine lowered shares of Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Gulfport Energy Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Williams Capital set a $21.00 target price on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.14.

Shares of Gulfport Energy Corporation (NASDAQ GPOR) opened at 12.18 on Friday. The firm’s market capitalization is $2.23 billion. The firm’s 50-day moving average is $12.28 and its 200 day moving average is $14.80. Gulfport Energy Corporation has a one year low of $10.90 and a one year high of $30.47.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The firm had revenue of $323.90 million for the quarter, compared to analyst estimates of $279.59 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The company’s revenue was up 1052.7% compared to the same quarter last year. Equities research analysts predict that Gulfport Energy Corporation will post $1.41 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Gulfport Energy Corporation (GPOR) Shares Bought by Prudential Financial Inc.” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/09/09/gulfport-energy-corporation-gpor-shares-bought-by-prudential-financial-inc.html.

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.

Want to see what other hedge funds are holding GPOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gulfport Energy Corporation (NASDAQ:GPOR).

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

Receive News & Stock Ratings for Gulfport Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy Corporation and related stocks with our FREE daily email newsletter.