Arizona State Retirement System raised its stake in Gulfport Energy Corporation (NASDAQ:GPOR) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 67,100 shares of the oil and gas producer’s stock after buying an additional 1,000 shares during the period. Arizona State Retirement System’s holdings in Gulfport Energy Corporation were worth $990,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. State Treasurer State of Michigan raised its position in shares of Gulfport Energy Corporation by 3.9% in the first quarter. State Treasurer State of Michigan now owns 64,500 shares of the oil and gas producer’s stock valued at $1,109,000 after buying an additional 2,400 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Gulfport Energy Corporation by 0.6% in the first quarter. Wedge Capital Management L L P NC now owns 757,200 shares of the oil and gas producer’s stock valued at $13,016,000 after buying an additional 4,762 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Gulfport Energy Corporation by 3.9% in the first quarter. Great West Life Assurance Co. Can now owns 90,171 shares of the oil and gas producer’s stock valued at $1,549,000 after buying an additional 3,371 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of Gulfport Energy Corporation by 43.3% in the first quarter. Tocqueville Asset Management L.P. now owns 15,550 shares of the oil and gas producer’s stock valued at $267,000 after buying an additional 4,700 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Gulfport Energy Corporation by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 54,274 shares of the oil and gas producer’s stock valued at $933,000 after buying an additional 800 shares in the last quarter. 86.78% of the stock is owned by institutional investors and hedge funds.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at 12.23 on Thursday. The company’s market capitalization is $2.24 billion. Gulfport Energy Corporation has a 52-week low of $10.90 and a 52-week high of $30.47. The company’s 50-day moving average price is $12.66 and its 200-day moving average price is $15.30.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. The company had revenue of $323.90 million for the quarter, compared to analyst estimates of $279.59 million. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The firm’s quarterly revenue was up 1052.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 EPS. Equities research analysts forecast that Gulfport Energy Corporation will post $1.43 EPS for the current fiscal year.

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Several brokerages recently issued reports on GPOR. Piper Jaffray Companies restated an “overweight” rating on shares of Gulfport Energy Corporation in a research note on Wednesday, June 21st. Zacks Investment Research lowered Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Scotiabank restated a “buy” rating and set a $23.00 price target on shares of Gulfport Energy Corporation in a research note on Friday, June 30th. BidaskClub upgraded Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Royal Bank Of Canada set a $25.00 price target on Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. Gulfport Energy Corporation has a consensus rating of “Buy” and an average price target of $25.14.

Gulfport Energy Corporation Company Profile

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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