TLP Group LLC raised its stake in shares of Gulfport Energy Co. (NASDAQ:GPOR) by 9,468.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,224 shares of the oil and gas producer’s stock after purchasing an additional 47,720 shares during the quarter. Gulfport Energy accounts for about 0.3% of TLP Group LLC’s holdings, making the stock its 29th biggest holding. TLP Group LLC’s holdings in Gulfport Energy were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Element Capital Management LLC bought a new stake in shares of Gulfport Energy in the 1st quarter worth approximately $140,000. Delpha Capital Management LLC bought a new stake in shares of Gulfport Energy in the 4th quarter worth approximately $187,000. KBC Group NV bought a new stake in shares of Gulfport Energy in the 1st quarter worth approximately $205,000. Tibra Equities Europe Ltd bought a new stake in shares of Gulfport Energy in the 1st quarter worth approximately $243,000. Finally, MANA Advisors LLC bought a new stake in shares of Gulfport Energy in the 4th quarter worth approximately $268,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

A number of equities research analysts recently commented on the stock. BidaskClub lowered shares of Gulfport Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, February 15th. Williams Capital set a $17.00 price target on shares of Gulfport Energy and gave the company a “buy” rating in a report on Thursday, February 22nd. Jefferies Financial Group set a $17.00 price target on shares of Gulfport Energy and gave the company a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research upgraded shares of Gulfport Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, Piper Jaffray Companies set a $16.00 price target on shares of Gulfport Energy and gave the company a “buy” rating in a report on Wednesday, March 14th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Gulfport Energy currently has an average rating of “Buy” and an average price target of $16.06.

Gulfport Energy stock traded down $0.03 during mid-day trading on Thursday, reaching $11.25. 16,046 shares of the company traded hands, compared to its average volume of 4,403,823. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.84 billion, a P/E ratio of 7.99, a PEG ratio of 0.36 and a beta of 0.38. Gulfport Energy Co. has a 52-week low of $8.11 and a 52-week high of $15.09.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.14. The business had revenue of $325.40 million for the quarter, compared to the consensus estimate of $354.46 million. Gulfport Energy had a net margin of 28.25% and a return on equity of 10.03%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. analysts predict that Gulfport Energy Co. will post 1.48 EPS for the current fiscal year.

In related news, Director Paul D. Westerman acquired 10,000 shares of Gulfport Energy stock in a transaction on Tuesday, May 29th. The shares were acquired at an average cost of $10.33 per share, with a total value of $103,300.00. Following the transaction, the director now owns 35,488 shares in the company, valued at $366,591.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.32% of the stock is currently owned by insiders.

About Gulfport Energy

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

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

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