Coastal Bridge Advisors LLC Buys New Stake in Gulfport Energy Corporation $GPOR

Coastal Bridge Advisors LLC bought a new position in Gulfport Energy Corporation (NYSE:GPOR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,150 shares of the company’s stock, valued at approximately $1,837,000.

Other hedge funds also recently bought and sold shares of the company. Financial Consulate Inc. acquired a new stake in shares of Gulfport Energy in the third quarter valued at about $31,000. Federated Hermes Inc. boosted its stake in Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the last quarter. Assetmark Inc. grew its holdings in Gulfport Energy by 50.5% in the 2nd quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after buying an additional 168 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Gulfport Energy by 1,360.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock worth $126,000 after buying an additional 585 shares during the period.

Gulfport Energy Stock Up 0.5%

GPOR opened at $199.85 on Friday. The company has a market capitalization of $3.86 billion, a P/E ratio of -105.18 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. The firm’s fifty day moving average price is $200.77 and its two-hundred day moving average price is $187.44. Gulfport Energy Corporation has a fifty-two week low of $153.27 and a fifty-two week high of $225.78.

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

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, Director David D. Wolf sold 1,525 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were 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 in the company, valued at $938,224.74. This trade represents a 25.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Silver Point Capital L.P. sold 244,489 shares of Gulfport Energy stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $219.56, for a total value of $53,680,004.84. Following the sale, the director directly owned 3,495,431 shares in the company, valued at $767,456,830.36. The trade was a 6.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 312,172 shares of company stock valued at $67,975,930. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Wall Street Zen upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Sunday, January 25th. Evercore ISI increased their price target on shares of Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a report on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a report on Monday, December 29th. Finally, Roth Mkm initiated coverage on shares of Gulfport Energy in a research report on Monday, October 13th. They set a “neutral” rating and a $200.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $230.88.

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.