Gulfport Energy Corporation $GPOR Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its holdings in Gulfport Energy Corporation (NYSE:GPOR) by 29.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,001 shares of the company’s stock after purchasing an additional 10,786 shares during the period. Stephens Investment Management Group LLC owned about 0.27% of Gulfport Energy worth $8,687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GPOR. SummerHaven Investment Management LLC increased its stake in shares of Gulfport Energy by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 5,145 shares of the company’s stock worth $1,035,000 after buying an additional 83 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in Gulfport Energy by 0.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock worth $3,588,000 after acquiring an additional 108 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Gulfport Energy by 7.1% in the 2nd 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 purchasing an additional 119 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Gulfport Energy by 4.6% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 2,739 shares of the company’s stock valued at $551,000 after purchasing an additional 121 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its stake in shares of Gulfport Energy by 1.5% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 11,245 shares of the company’s stock valued at $2,262,000 after purchasing an additional 162 shares in the last quarter.

Gulfport Energy Trading Up 0.5%

Shares of NYSE GPOR opened at $178.82 on Friday. Gulfport Energy Corporation has a 12-month low of $153.27 and a 12-month high of $225.78. The company has a market cap of $3.45 billion, a price-to-earnings ratio of -94.12 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. The stock’s 50 day simple moving average is $203.78 and its 200 day simple moving average is $186.81.

Gulfport Energy (NYSE:GPOR) last issued its earnings results 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). Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.The company had revenue of $379.75 million during the quarter, compared to analyst estimates of $343.18 million.

Insider Activity

In other Gulfport Energy news, Director Timothy J. Cutt sold 2,635 shares of the business’s 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 transaction, the director directly owned 35,473 shares of the company’s stock, valued at $7,465,292.85. The trade was a 6.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David D. Wolf sold 1,525 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 4,462 shares in the company, valued at $938,224.74. The trade was a 25.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 312,172 shares of company stock worth $67,975,930 over the last three months. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GPOR shares. Jefferies Financial Group initiated coverage on Gulfport Energy in a research note on Thursday, October 23rd. They issued a “buy” rating and a $250.00 price target for the company. Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday. Evercore ISI upped their price target on Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a research report on Monday, November 10th. Mizuho raised their price objective on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, UBS Group boosted their target price on shares of Gulfport Energy from $227.00 to $264.00 and gave the company a “buy” rating in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $230.88.

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.