L & S Advisors Inc Sells 742 Shares of Gulfport Energy Corporation $GPOR

L & S Advisors Inc decreased its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,716 shares of the company’s stock after selling 742 shares during the quarter. L & S Advisors Inc’s holdings in Gulfport Energy were worth $1,753,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Strs Ohio bought a new position in Gulfport Energy during the first quarter worth $239,000. Rhumbline Advisers grew its holdings in Gulfport Energy by 1.2% during the 1st quarter. Rhumbline Advisers now owns 20,623 shares of the company’s stock worth $3,798,000 after acquiring an additional 248 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Gulfport Energy by 337.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company’s stock worth $12,412,000 after acquiring an additional 47,600 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in shares of Gulfport Energy in the 2nd quarter worth about $263,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Gulfport Energy during the 2nd quarter valued at about $557,000.

Gulfport Energy Stock Down 0.3%

Shares of NYSE:GPOR opened at $210.83 on Friday. The stock has a fifty day simple moving average of $183.69. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.51 and a current ratio of 0.51. Gulfport Energy Corporation has a 52 week low of $153.27 and a 52 week high of $215.57. The stock has a market cap of $4.07 billion, a PE ratio of -29.36 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $4.64 by ($1.51). The firm had revenue of $379.75 million for the quarter, compared to the consensus estimate of $343.18 million. Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%.

Insider Transactions at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 600 shares of the business’s 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 directly owned 4,288 shares in the company, valued at $735,692.16. The trade was a 12.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David D. Wolf sold 1,525 shares of Gulfport Energy stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $210.27, for a total value of $320,661.75. Following the completion of the sale, the director owned 4,462 shares of the company’s stock, valued at $938,224.74. The trade was a 25.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,760 shares of company stock valued at $978,140 in the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GPOR has been the subject of a number of research analyst reports. Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research upgraded Gulfport Energy from a “strong sell” rating to a “hold” rating in a research note on Monday. William Blair began coverage on shares of Gulfport Energy in a research report on Monday, August 25th. They issued an “outperform” rating on the stock. Evercore ISI increased their price objective on Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a report on Monday. Finally, Mizuho decreased their price objective on Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating for the company in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Gulfport Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.25.

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.