22,307 Gulfport Energy Corporation $GPOR Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. decreased its position in Gulfport Energy Corporation (NYSE:GPOR) by 48.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 24,132 shares of the company’s stock after selling 22,307 shares during the period. Gulfport Energy makes up about 3.4% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 9th biggest holding. Azarias Capital Management L.P.’s holdings in Gulfport Energy were worth $3,631,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GPOR. Dimensional Fund Advisors LP lifted its position in shares of Gulfport Energy by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company’s stock worth $133,317,000 after acquiring an additional 34,486 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Gulfport Energy by 4,946.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock worth $98,892,000 after purchasing an additional 458,156 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Gulfport Energy by 12.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 398,931 shares of the company’s stock valued at $84,402,000 after purchasing an additional 45,682 shares during the period. Janus Henderson Group PLC increased its position in shares of Gulfport Energy by 4.2% during the first quarter. Janus Henderson Group PLC now owns 223,669 shares of the company’s stock valued at $47,323,000 after purchasing an additional 9,095 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Gulfport Energy by 50.3% during the first quarter. Bank of America Corp DE now owns 152,201 shares of the company’s stock valued at $32,201,000 after purchasing an additional 50,968 shares during the period.

Analysts Set New Price Targets

GPOR has been the subject of several research reports. Truist Financial reduced their target price on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings downgraded shares of Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Mizuho set a $237.00 price target on shares of Gulfport Energy in a report on Wednesday, October 7th. UBS Group dropped their price objective on shares of Gulfport Energy from $223.00 to $218.00 and set a “buy” rating for the company in a research note on Tuesday, October 6th. Finally, Zacks Research upgraded shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $210.20.

Gulfport Energy Price Performance

NYSE GPOR traded down $2.93 during trading on Wednesday, reaching $165.20. 172,904 shares of the company traded hands, compared to its average volume of 339,387. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.58. The stock’s 50 day moving average price is $167.57 and its two-hundred day moving average price is $172.88. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 6.61 and a beta of 0.56. Gulfport Energy Corporation has a 1-year low of $149.18 and a 1-year high of $225.78.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings data on Monday, August 3rd. The company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $3.82 by $1.03. The company had revenue of $323.23 million for the quarter. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%. As a group, analysts anticipate that Gulfport Energy Corporation will post 22.40 EPS for the current year.

Insider Buying and Selling at Gulfport Energy

In other Gulfport Energy news, Director Timothy J. Cutt sold 2,500 shares of Gulfport Energy stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $158.98, for a total transaction of $397,450.00. Following the completion of the transaction, the director directly owned 27,013 shares of the company’s stock, valued at approximately $4,294,526.74. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Domenic J. Dell’osso, Jr. bought 1,600 shares of Gulfport Energy stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $160.61 per share, for a total transaction of $256,976.00. Following the purchase, the chief executive officer directly owned 24,349 shares in the company, valued at $3,910,692.89. This represents a 7.03% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.70% of the company’s stock.

Gulfport Energy Company Profile

Gulfport Energy Corporation (NYSE: GPOR) is an independent exploration and production company focused on developing and producing natural gas, natural gas liquids and oil. Its activities include acquiring, exploring, drilling and operating oil and gas properties.

The company’s operations are concentrated in the Appalachian Basin, particularly the Utica and Marcellus shale plays in eastern Ohio. Gulfport sells the hydrocarbons produced from its wells into regional energy markets and relies on gathering and transportation infrastructure to move production to market.

Gulfport Energy traces its history to the late 1990s and has evolved from a broader domestic oil and gas producer into a company primarily focused on natural gas development in the eastern United States.