Raymond James & Associates lowered its holdings in shares of Gulfport Energy Co. (NASDAQ:GPOR) by 52.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,389 shares of the oil and gas producer’s stock after selling 84,926 shares during the period. Raymond James & Associates’ holdings in Gulfport Energy were worth $973,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in Gulfport Energy during the second quarter worth about $101,000. Sigma Planning Corp acquired a new position in Gulfport Energy during the second quarter worth about $154,000. Cornerstone Wealth Management LLC acquired a new position in Gulfport Energy during the second quarter worth about $1,006,000. Campbell & CO Investment Adviser LLC acquired a new position in Gulfport Energy during the second quarter worth about $170,000. Finally, Element Capital Management LLC acquired a new position in Gulfport Energy during the first quarter worth about $140,000. Institutional investors own 96.93% of the company’s stock.

NASDAQ:GPOR opened at $11.09 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.90 billion, a PE ratio of 7.87, a PEG ratio of 0.35 and a beta of 0.32. Gulfport Energy Co. has a 1-year low of $8.11 and a 1-year high of $14.42.

Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $252.74 million during the quarter, compared to analyst estimates of $329.40 million. Gulfport Energy had a net margin of 30.30% and a return on equity of 9.69%. The company’s revenue was down 22.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 earnings per share. Research analysts anticipate that Gulfport Energy Co. will post 1.56 earnings per share for the current fiscal year.

A number of brokerages have issued reports on GPOR. Seaport Global Securities restated a “neutral” rating on shares of Gulfport Energy in a research report on Friday, September 7th. Oppenheimer set a $18.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a research report on Friday. BidaskClub upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. Williams Capital restated a “buy” rating and set a $16.00 target price on shares of Gulfport Energy in a research report on Monday, July 16th. Finally, Zacks Investment Research upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. Gulfport Energy has a consensus rating of “Buy” and a consensus price target of $14.95.

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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