Utah Retirement Systems lifted its holdings in Gulfport Energy Corporation (NASDAQ:GPOR) by 0.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 29,100 shares of the oil and gas producer’s stock after purchasing an additional 100 shares during the period. Utah Retirement Systems’ holdings in Gulfport Energy Corporation were worth $429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Airain ltd purchased a new stake in shares of Gulfport Energy Corporation in the 2nd quarter worth approximately $5,580,000. Prudential Financial Inc. lifted its position in shares of Gulfport Energy Corporation by 77.3% in the 2nd quarter. Prudential Financial Inc. now owns 1,005,465 shares of the oil and gas producer’s stock worth $14,831,000 after purchasing an additional 438,301 shares during the period. Usca Ria LLC lifted its position in shares of Gulfport Energy Corporation by 38.7% in the 2nd quarter. Usca Ria LLC now owns 42,300 shares of the oil and gas producer’s stock worth $624,000 after purchasing an additional 11,800 shares during the period. Tocqueville Asset Management L.P. lifted its position in shares of Gulfport Energy Corporation by 65.6% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 25,750 shares of the oil and gas producer’s stock worth $380,000 after purchasing an additional 10,200 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Gulfport Energy Corporation by 42.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 246,451 shares of the oil and gas producer’s stock worth $3,635,000 after purchasing an additional 73,117 shares during the period. 86.78% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the stock. BidaskClub cut shares of Gulfport Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Stifel Nicolaus lowered their price target on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, August 14th. Scotiabank reaffirmed a “buy” rating and issued a $23.00 price target on shares of Gulfport Energy Corporation in a research report on Friday, June 30th. Royal Bank Of Canada set a $25.00 price target on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $25.14.

Gulfport Energy Corporation (NASDAQ:GPOR) opened at 13.35 on Friday. Gulfport Energy Corporation has a 52 week low of $10.90 and a 52 week high of $30.47. The firm’s market cap is $2.44 billion. The firm’s 50-day moving average is $12.25 and its 200-day moving average is $14.61.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The company had revenue of $323.90 million for the quarter, compared to analysts’ expectations of $279.59 million. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 1052.7% on a year-over-year basis. On average, equities analysts anticipate that Gulfport Energy Corporation will post $1.41 earnings per share for the current year.

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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.

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

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