Hodges Capital Management Inc. Boosts Stake in Gulfport Energy Corporation $GPOR

Hodges Capital Management Inc. raised its holdings in Gulfport Energy Corporation (NYSE:GPOR) by 8.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,800 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Hodges Capital Management Inc. owned 0.17% of Gulfport Energy worth $6,196,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Toth Financial Advisory Corp acquired a new stake in shares of Gulfport Energy during the 2nd quarter worth about $85,000. Assetmark Inc. lifted its position in Gulfport Energy by 50.5% in the second quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after buying an additional 168 shares during the last quarter. Strs Ohio purchased a new position in Gulfport Energy during the first quarter worth about $239,000. Pallas Capital Advisors LLC acquired a new stake in shares of Gulfport Energy during the second quarter valued at about $263,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position 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 acquiring an additional 119 shares during the last quarter.

Insiders Place Their Bets

In related 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 transaction, the director owned 4,288 shares in the company, valued at $735,692.16. The trade was a 12.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GPOR shares. William Blair started coverage on shares of Gulfport Energy in a report on Monday, August 25th. They issued an “outperform” rating on the stock. UBS Group cut their target price on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. Zacks Research cut Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Finally, Wall Street Zen downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.75.

Gulfport Energy Price Performance

GPOR opened at $202.27 on Monday. The business’s fifty day moving average is $180.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51. Gulfport Energy Corporation has a 12 month low of $151.32 and a 12 month high of $210.32. The firm has a market cap of $3.55 billion, a PE ratio of -28.17 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%. The company had revenue of $379.75 million during the quarter, compared to analyst estimates of $343.18 million.

Gulfport Energy 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.