AlphaQuest LLC Reduces Holdings in Gulfport Energy Corporation $GPOR

AlphaQuest LLC reduced its position in Gulfport Energy Corporation (NYSE:GPOR) by 38.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,371 shares of the company’s stock after selling 3,318 shares during the period. AlphaQuest LLC’s holdings in Gulfport Energy were worth $972,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Gulfport Energy by 7.1% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company’s stock worth $359,000 after buying an additional 119 shares during the period. Tectonic Advisors LLC grew its position in Gulfport Energy by 15.6% during the 2nd quarter. Tectonic Advisors LLC now owns 12,383 shares of the company’s stock worth $2,491,000 after purchasing an additional 1,668 shares during the last quarter. CWM LLC increased its stake in Gulfport Energy by 92.1% in the second quarter. CWM LLC now owns 4,165 shares of the company’s stock valued at $838,000 after purchasing an additional 1,997 shares during the period. Ritholtz Wealth Management acquired a new position in Gulfport Energy in the second quarter valued at $417,000. Finally, Foster & Motley Inc. acquired a new stake in shares of Gulfport Energy during the second quarter worth about $854,000.

Gulfport Energy Price Performance

GPOR stock opened at $193.85 on Tuesday. The firm has a 50 day moving average of $200.46 and a 200-day moving average of $187.57. The company has a market cap of $3.75 billion, a price-to-earnings ratio of -102.03 and a beta of 0.61. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. Gulfport Energy Corporation has a 12-month low of $153.27 and a 12-month high of $225.78.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Sunday, January 25th. Zacks Research raised shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Roth Mkm assumed coverage on shares of Gulfport Energy in a report on Monday, October 13th. They set a “neutral” rating and a $200.00 price target for the company. KeyCorp raised their price objective on shares of Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Finally, Wolfe Research cut Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Gulfport Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.88.

Insiders Place Their Bets

In other news, Director David D. Wolf sold 1,525 shares of Gulfport Energy stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $210.27, for a total transaction of $320,661.75. Following the completion of the transaction, the director owned 4,462 shares of the company’s stock, valued at $938,224.74. The trade was a 25.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Timothy J. Cutt sold 2,635 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $210.45, for a total transaction of $554,535.75. Following the completion of the sale, the director directly owned 35,473 shares in the company, valued at approximately $7,465,292.85. The trade was a 6.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 312,172 shares of company stock valued at $67,975,930. Company insiders own 0.33% of the company’s stock.

About Gulfport Energy

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.