Erste Asset Management GmbH Makes New Investment in Gulfport Energy Corporation $GPOR

Erste Asset Management GmbH bought a new position in Gulfport Energy Corporation (NYSE:GPOR) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,600 shares of the company’s stock, valued at approximately $772,000.

Several other large investors have also added to or reduced their stakes in the stock. Millennium Management LLC boosted its position in shares of Gulfport Energy by 1,281.6% during the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after acquiring an additional 395,197 shares during the last quarter. Goldentree Asset Management LP bought a new stake in Gulfport Energy in the 3rd quarter worth approximately $44,665,000. Whitebox Advisors LLC lifted its position in Gulfport Energy by 148.6% in the 3rd quarter. Whitebox Advisors LLC now owns 274,627 shares of the company’s stock worth $49,702,000 after buying an additional 164,178 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Gulfport Energy by 93.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 313,884 shares of the company’s stock worth $56,807,000 after buying an additional 152,005 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Gulfport Energy by 67.9% in the 3rd quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock worth $63,525,000 after buying an additional 142,002 shares during the last quarter.

Gulfport Energy Stock Performance

Shares of GPOR stock opened at $167.20 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56. Gulfport Energy Corporation has a fifty-two week low of $160.95 and a fifty-two week high of $225.78. The stock has a 50 day moving average price of $185.72 and a two-hundred day moving average price of $196.32. The company has a market capitalization of $3.00 billion, a P/E ratio of 5.71 and a beta of 0.41.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total value of $85,360.00. Following the completion of the sale, the director owned 3,888 shares in the company, valued at approximately $829,699.20. The trade was a 9.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on GPOR shares. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. Wall Street Zen downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Truist Financial dropped their target price on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Finally, UBS Group dropped their target price on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $230.22.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.