Icon Advisers Inc. Co. grew its position in Gulfport Energy Corporation (NASDAQ:GPOR) by 27.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 978,074 shares of the oil and gas producer’s stock after buying an additional 212,200 shares during the period. Gulfport Energy Corporation accounts for about 1.0% of Icon Advisers Inc. Co.’s portfolio, making the stock its 17th largest position. Icon Advisers Inc. Co. owned approximately 0.53% of Gulfport Energy Corporation worth $14,026,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Utah Retirement Systems boosted its holdings in shares of Gulfport Energy Corporation by 0.3% in the 2nd quarter. Utah Retirement Systems now owns 29,100 shares of the oil and gas producer’s stock valued at $429,000 after buying an additional 100 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Gulfport Energy Corporation by 4.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after purchasing an additional 520 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Gulfport Energy Corporation by 11.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 712 shares in the last quarter. Comerica Bank boosted its stake in Gulfport Energy Corporation by 0.3% in the 2nd quarter. Comerica Bank now owns 209,326 shares of the oil and gas producer’s stock worth $2,698,000 after purchasing an additional 720 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Gulfport Energy Corporation by 3.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 21,982 shares of the oil and gas producer’s stock worth $323,000 after purchasing an additional 786 shares in the last quarter. Institutional investors and hedge funds own 85.74% of the company’s stock.

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Gulfport Energy Corporation (NASDAQ:GPOR) traded down $0.24 during trading hours on Wednesday, hitting $12.40. 2,896,300 shares of the stock traded hands, compared to its average volume of 3,755,255. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market cap of $2,314.15, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.31 and a beta of 0.69. Gulfport Energy Corporation has a 52-week low of $10.90 and a 52-week high of $29.92.

Gulfport Energy Corporation (NASDAQ:GPOR) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $302.33 million. Gulfport Energy Corporation had a net margin of 3.88% and a return on equity of 7.99%. Gulfport Energy Corporation’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same period last year, the firm earned $0.16 earnings per share. equities research analysts forecast that Gulfport Energy Corporation will post 1.37 EPS for the current year.

A number of analysts recently commented on GPOR shares. Morgan Stanley lifted their target price on shares of Gulfport Energy Corporation from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. Jefferies Group LLC set a $20.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Mizuho reiterated a “buy” rating and issued a $23.00 target price on shares of Gulfport Energy Corporation in a research note on Wednesday, October 4th. Scotiabank reiterated a “buy” rating and issued a $23.00 target price on shares of Gulfport Energy Corporation in a research note on Monday, October 9th. Finally, Williams Capital set a $21.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the stock. Gulfport Energy Corporation presently has a consensus rating of “Buy” and an average target price of $22.30.

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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