Whitebox Advisors LLC Reduces Stock Holdings in Gulfport Energy Corporation $GPOR

Whitebox Advisors LLC decreased its position in Gulfport Energy Corporation (NYSE:GPOR) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,627 shares of the company’s stock after selling 5,000 shares during the period. Gulfport Energy accounts for approximately 0.6% of Whitebox Advisors LLC’s investment portfolio, making the stock its 24th largest position. Whitebox Advisors LLC’s holdings in Gulfport Energy were worth $46,466,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of Gulfport Energy by 4,946.1% during the first quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock valued at $98,892,000 after acquiring an additional 458,156 shares during the last quarter. Millennium Management LLC raised its stake in shares of Gulfport Energy by 1,281.6% in the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after acquiring an additional 395,197 shares during the period. Ninepoint Partners LP acquired a new position in shares of Gulfport Energy in the 4th quarter worth approximately $41,598,000. Victory Capital Management Inc. lifted its holdings in shares of Gulfport Energy by 50.3% in the 4th quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock worth $109,692,000 after acquiring an additional 176,386 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Gulfport Energy by 93.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 313,884 shares of the company’s stock worth $56,807,000 after purchasing an additional 152,005 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GPOR shares. Weiss Ratings cut Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Zacks Research lowered Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Truist Financial lowered their target price on Gulfport Energy from $219.00 to $190.00 and set a “hold” rating for the company in a report on Friday, July 10th. UBS Group dropped their target price on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Finally, Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Gulfport Energy currently has a consensus rating of “Moderate Buy” and an average target price of $227.00.

Gulfport Energy Stock Performance

Shares of GPOR stock opened at $157.07 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $165.15 and a 200 day moving average price of $185.40. The company has a market cap of $2.82 billion, a P/E ratio of 5.37 and a beta of 0.41. Gulfport Energy Corporation has a 12 month low of $149.18 and a 12 month high of $225.78.

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.