Mackay Shields LLC Lowers Position in Gulfport Energy Corporation $GPOR

Mackay Shields LLC cut its stake in Gulfport Energy Corporation (NYSE:GPOR) by 73.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,288 shares of the company’s stock after selling 41,494 shares during the period. Mackay Shields LLC owned 0.09% of Gulfport Energy worth $3,075,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new position in shares of Gulfport Energy during the second quarter valued at approximately $85,000. Strs Ohio purchased a new position in shares of Gulfport Energy during the first quarter valued at approximately $239,000. Pallas Capital Advisors LLC purchased a new position in shares of Gulfport Energy during the second quarter valued at approximately $263,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of 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 valued at $359,000 after purchasing an additional 119 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Gulfport Energy during the second quarter valued at approximately $557,000.

Gulfport Energy Stock Down 4.6%

Shares of GPOR opened at $175.70 on Friday. The company has a market capitalization of $3.09 billion, a P/E ratio of -24.47 and a beta of 0.62. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average price is $173.79. Gulfport Energy Corporation has a twelve month low of $136.45 and a twelve month high of $210.32.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings results on Monday, February 28th. The company reported $0.17 earnings per share for the quarter. Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%. The company had revenue of $298.62 million during the quarter.

Insider Buying and Selling

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total value of $102,942.00. Following the completion of the sale, the director owned 4,288 shares of the company’s stock, valued at approximately $735,692.16. The trade was a 12.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GPOR shares. Wall Street Zen upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Evercore ISI lowered their target price on shares of Gulfport Energy from $193.00 to $190.00 and set an “in-line” rating for the company in a report on Monday, October 6th. Mizuho reduced their price target on shares of Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. JPMorgan Chase & Co. raised their price target on shares of Gulfport Energy from $208.00 to $236.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Finally, TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Gulfport Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.50.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.