ING Groep NV purchased a new position in Gulfport Energy Corporation (NASDAQ:GPOR) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 19,350 shares of the oil and gas producer’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Gulfport Energy Corporation by 54.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,044 shares of the oil and gas producer’s stock worth $104,000 after buying an additional 2,143 shares during the last quarter. Elkfork Partners LLC raised its stake in Gulfport Energy Corporation by 38.4% in the first quarter. Elkfork Partners LLC now owns 6,666 shares of the oil and gas producer’s stock worth $115,000 after buying an additional 1,848 shares during the period. Meadow Creek Investment Management LLC raised its stake in Gulfport Energy Corporation by 38.4% in the first quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock worth $146,000 after buying an additional 2,352 shares during the period. LS Investment Advisors LLC raised its stake in Gulfport Energy Corporation by 20.5% in the first quarter. LS Investment Advisors LLC now owns 10,285 shares of the oil and gas producer’s stock worth $177,000 after buying an additional 1,747 shares during the period. Finally, Glen Harbor Capital Management LLC raised its stake in Gulfport Energy Corporation by 38.4% in the first quarter. Glen Harbor Capital Management LLC now owns 10,302 shares of the oil and gas producer’s stock worth $177,000 after buying an additional 2,856 shares during the period. Hedge funds and other institutional investors own 88.47% of the company’s stock.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) traded up 1.6690% during trading on Friday, hitting $11.8851. 3,391,302 shares of the company traded hands. The stock’s market capitalization is $2.17 billion. Gulfport Energy Corporation has a 52-week low of $10.90 and a 52-week high of $30.47. The company has a 50-day moving average of $13.39 and a 200-day moving average of $16.04.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The company had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. During the same quarter in the previous year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 1052.7% on a year-over-year basis. Equities analysts expect that Gulfport Energy Corporation will post $1.34 EPS for the current year.

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A number of analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Gulfport Energy Corporation in a research note on Friday, April 21st. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Gulfport Energy Corporation in a research note on Wednesday, June 21st. Zacks Investment Research lowered shares of Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Scotiabank reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy Corporation in a research note on Friday, June 30th. Finally, BidaskClub raised shares of Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $25.91.

About Gulfport Energy Corporation

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

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Institutional Ownership by Quarter for Gulfport Energy Corporation (NASDAQ:GPOR)

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