Gulfport Energy Corporation $GPOR Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 78.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,598 shares of the company’s stock after acquiring an additional 4,661 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Gulfport Energy were worth $1,918,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC raised its position in Gulfport Energy by 49.3% in the second quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock valued at $113,700,000 after purchasing an additional 186,531 shares during the period. Mackay Shields LLC grew its stake in shares of Gulfport Energy by 756.6% during the third quarter. Mackay Shields LLC now owns 130,956 shares of the company’s stock worth $23,700,000 after purchasing an additional 115,668 shares in the last quarter. Alliancebernstein L.P. increased its stake in Gulfport Energy by 328.6% in the second quarter. Alliancebernstein L.P. now owns 131,926 shares of the company’s stock valued at $26,540,000 after purchasing an additional 101,146 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in Gulfport Energy during the third quarter worth approximately $18,266,000. Finally, Pacer Advisors Inc. purchased a new stake in shares of Gulfport Energy during the 3rd quarter worth approximately $13,418,000.

Gulfport Energy Price Performance

Gulfport Energy stock opened at $199.85 on Friday. Gulfport Energy Corporation has a 52 week low of $153.27 and a 52 week high of $225.78. The firm has a market capitalization of $3.86 billion, a PE ratio of -105.18 and a beta of 0.61. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $200.77 and its 200 day simple moving average is $187.44.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.The business had revenue of $379.75 million for the quarter, compared to analysts’ expectations of $343.18 million.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GPOR shares. Jefferies Financial Group initiated coverage on shares of Gulfport Energy in a research report on Thursday, October 23rd. They issued a “buy” rating and a $250.00 target price on the stock. Wolfe Research downgraded shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. UBS Group boosted their target price on Gulfport Energy from $227.00 to $264.00 and gave the company a “buy” rating in a report on Friday, December 12th. Mizuho raised their price objective on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, KeyCorp increased their target price on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $230.88.

Insider Buying and Selling at Gulfport Energy

In related news, Director Silver Point Capital L.P. sold 45,546 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $219.56, for a total value of $10,000,079.76. Following the completion of the transaction, the director owned 3,449,885 shares of the company’s stock, valued at approximately $757,456,750.60. The trade was a 1.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Matthew Rucker sold 10,732 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $186.61, for a total transaction of $2,002,698.52. Following the sale, the chief operating officer directly owned 12,893 shares in the company, valued at $2,405,962.73. This represents a 45.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 312,172 shares of company stock valued at $67,975,930. 0.62% of the stock is owned by company insiders.

About Gulfport Energy

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.