Gulfport Energy Co. (NASDAQ:GPOR) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 13,149,883 shares, a decrease of 13.6% from the July 31st total of 15,219,674 shares. Approximately 8.5% of the company’s stock are short sold. Based on an average trading volume of 3,245,078 shares, the days-to-cover ratio is presently 4.1 days.

GPOR opened at $11.40 on Wednesday. The stock has a market cap of $2.03 billion, a P/E ratio of 8.09, a P/E/G ratio of 0.39 and a beta of 0.21. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.53 and a quick ratio of 0.53. Gulfport Energy has a fifty-two week low of $8.11 and a fifty-two week high of $15.08.

Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The company had revenue of $252.74 million during the quarter, compared to analyst estimates of $329.40 million. Gulfport Energy had a net margin of 30.30% and a return on equity of 9.69%. The firm’s revenue for the quarter was down 22.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. analysts predict that Gulfport Energy will post 1.51 earnings per share for the current year.

In other news, VP Steve Baldwin sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $11.00, for a total value of $110,000.00. Following the completion of the sale, the vice president now owns 40,918 shares in the company, valued at approximately $450,098. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in Gulfport Energy by 28.6% during the second quarter. BlackRock Inc. now owns 18,812,910 shares of the oil and gas producer’s stock worth $236,478,000 after purchasing an additional 4,185,982 shares during the period. Dimensional Fund Advisors LP boosted its position in Gulfport Energy by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,068,045 shares of the oil and gas producer’s stock worth $176,834,000 after purchasing an additional 2,578,672 shares during the period. Schroder Investment Management Group boosted its position in Gulfport Energy by 6.2% during the second quarter. Schroder Investment Management Group now owns 5,540,742 shares of the oil and gas producer’s stock worth $68,650,000 after purchasing an additional 323,782 shares during the period. Rubric Capital Management LP boosted its position in Gulfport Energy by 1,198.2% during the first quarter. Rubric Capital Management LP now owns 4,933,204 shares of the oil and gas producer’s stock worth $47,605,000 after purchasing an additional 4,553,204 shares during the period. Finally, Boston Partners boosted its position in Gulfport Energy by 1.2% during the first quarter. Boston Partners now owns 4,577,419 shares of the oil and gas producer’s stock worth $44,172,000 after purchasing an additional 54,323 shares during the period. Hedge funds and other institutional investors own 95.21% of the company’s stock.

GPOR has been the subject of several recent analyst reports. BidaskClub upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. JPMorgan Chase & Co. set a $13.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Thursday, May 31st. Jefferies Financial Group set a $15.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Tuesday, May 15th. Williams Capital set a $14.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Wednesday, May 9th. Finally, KeyCorp reduced their target price on shares of Gulfport Energy from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, May 24th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Gulfport Energy currently has a consensus rating of “Buy” and a consensus target price of $15.45.

About Gulfport Energy

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

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