Wedge Capital Management L L P NC cut its stake in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 0.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 752,600 shares of the oil and gas producer’s stock after selling 4,600 shares during the period. Wedge Capital Management L L P NC’s holdings in Gulfport Energy Corporation were worth $11,101,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of GPOR. BlackRock Inc. boosted its position in shares of Gulfport Energy Corporation by 13,258.8% in the first quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock valued at $388,348,000 after buying an additional 22,422,387 shares during the last quarter. Snow Capital Management LP purchased a new position in shares of Gulfport Energy Corporation during the first quarter valued at approximately $54,535,000. Point72 Asset Management L.P. purchased a new position in shares of Gulfport Energy Corporation during the first quarter valued at approximately $41,689,000. State Street Corp boosted its position in shares of Gulfport Energy Corporation by 27.4% in the first quarter. State Street Corp now owns 6,463,912 shares of the oil and gas producer’s stock valued at $111,114,000 after buying an additional 1,389,369 shares during the last quarter. Finally, Oslo Asset Management AS purchased a new position in shares of Gulfport Energy Corporation during the second quarter valued at approximately $13,220,000. Institutional investors own 88.20% of the company’s stock.

Gulfport Energy Corporation (NASDAQ:GPOR) opened at 11.85 on Tuesday. 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 is $13.28 and its 200 day moving average is $15.81. The company’s market capitalization is $2.17 billion.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. The business had revenue of $323.90 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 1052.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, analysts forecast that Gulfport Energy Corporation will post $1.34 EPS for the current fiscal year.

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GPOR has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Wednesday, July 12th. Scotiabank set a $29.00 target price on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a research report on Monday, May 8th. Barclays PLC restated an “overweight” rating and issued a $28.00 target price (down from $30.00) on shares of Gulfport Energy Corporation in a research report on Saturday, April 22nd. BidaskClub upgraded shares of Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, J P Morgan Chase & Co cut shares of Gulfport Energy Corporation from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $22.00 to $17.00 in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $25.77.

About Gulfport Energy Corporation

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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