IFP Advisors Inc Lowers Stock Position in Gulfport Energy Corporation $GPOR

IFP Advisors Inc cut its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 46.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,853 shares of the company’s stock after selling 5,094 shares during the period. IFP Advisors Inc’s holdings in Gulfport Energy were worth $1,217,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in Gulfport Energy during the 4th quarter worth $2,478,000. Victory Capital Management Inc. boosted its position in Gulfport Energy by 67.9% during the 3rd quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock worth $63,525,000 after purchasing an additional 142,002 shares during the period. Coastal Bridge Advisors LLC purchased a new stake in Gulfport Energy during the 3rd quarter worth $1,837,000. Lighthouse Investment Partners LLC purchased a new stake in Gulfport Energy during the 3rd quarter worth $13,574,000. Finally, Vanguard Group Inc. boosted its position in Gulfport Energy by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock worth $195,165,000 after purchasing an additional 68,664 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. Mizuho upped their price target on shares of Gulfport Energy from $248.00 to $251.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Bank of America upped their price target on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Wall Street Zen cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, UBS Group decreased their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.11.

Gulfport Energy Stock Performance

NYSE:GPOR opened at $178.26 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a 50-day moving average of $195.06 and a two-hundred day moving average of $199.63. The stock has a market cap of $3.20 billion, a P/E ratio of 6.09 and a beta of 0.46. Gulfport Energy Corporation has a 1-year low of $160.95 and a 1-year high of $225.78.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). The firm had revenue of $398.19 million during the quarter, compared to analysts’ expectations of $373.24 million. Gulfport Energy had a net margin of 35.72% and a return on equity of 23.51%. On average, research analysts expect that Gulfport Energy Corporation will post 24.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total value of $85,360.00. Following the completion of the transaction, the director directly owned 3,888 shares of the company’s stock, valued at $829,699.20. This represents a 9.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael L. Hodges sold 16,769 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $210.70, for a total transaction of $3,533,228.30. Following the completion of the transaction, the chief financial officer directly owned 18,473 shares of the company’s stock, valued at approximately $3,892,261.10. The trade was a 47.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 876,258 shares of company stock worth $179,141,707 over the last quarter. Company insiders own 0.70% of the company’s stock.

Gulfport Energy 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.