Gulfport Energy Corporation $GPOR Stock Position Lifted by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 29.0% during the third quarter, Holdings Channel.com reports. The firm owned 48,001 shares of the company’s stock after acquiring an additional 10,786 shares during the period. Stephens Investment Management Group LLC’s holdings in Gulfport Energy were worth $8,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Strs Ohio acquired a new position in Gulfport Energy during the 1st quarter valued at about $239,000. Pallas Capital Advisors LLC acquired a new stake in shares of Gulfport Energy in the 2nd quarter worth approximately $263,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Gulfport Energy in the second quarter valued at approximately $557,000. Assenagon Asset Management S.A. increased its stake in shares of Gulfport Energy by 243.6% during the second quarter. Assenagon Asset Management S.A. now owns 42,763 shares of the company’s stock valued at $8,603,000 after acquiring an additional 30,317 shares during the period. Finally, Miller Howard Investments Inc. NY increased its stake in shares of Gulfport Energy by 84.4% during the second quarter. Miller Howard Investments Inc. NY now owns 24,380 shares of the company’s stock valued at $4,905,000 after acquiring an additional 11,157 shares during the period.

Insiders Place Their Bets

In other news, Director Silver Point Capital L.P. sold 45,546 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $219.56, for a total value of $10,000,079.76. Following the completion of the sale, the director owned 3,449,885 shares in the company, valued at $757,456,750.60. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Matthew Rucker sold 10,732 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $186.61, for a total value of $2,002,698.52. Following the completion of the sale, the chief operating officer directly owned 12,893 shares of the company’s stock, valued at approximately $2,405,962.73. This trade represents a 45.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 312,172 shares of company stock worth $67,975,930 in the last quarter. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

GPOR has been the subject of a number of research reports. Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday. Tudor Pickering lowered Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Jefferies Financial Group started coverage on shares of Gulfport Energy in a report on Thursday, October 23rd. They issued a “buy” rating and a $250.00 price target for the company. Finally, Roth Capital initiated coverage on shares of Gulfport Energy in a research note on Monday, October 13th. They issued a “neutral” rating and a $200.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.88.

Gulfport Energy Trading Up 0.5%

Shares of NYSE GPOR opened at $178.82 on Friday. Gulfport Energy Corporation has a 12 month low of $153.27 and a 12 month high of $225.78. The company has a market cap of $3.45 billion, a price-to-earnings ratio of -94.12 and a beta of 0.61. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $203.78 and a 200-day simple moving average of $186.81.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.The company had revenue of $379.75 million during the quarter, compared to analysts’ expectations of $343.18 million.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.