Gulfport Energy Corporation $GPOR Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. decreased its holdings in Gulfport Energy Corporation (NYSE:GPOR) by 17.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,960 shares of the company’s stock after selling 5,180 shares during the quarter. Hodges Capital Management Inc.’s holdings in Gulfport Energy were worth $5,069,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Abel Hall LLC purchased a new stake in Gulfport Energy during the 1st quarter worth approximately $237,000. New York State Teachers Retirement System purchased a new position in Gulfport Energy in the 1st quarter valued at approximately $309,000. Y Intercept Hong Kong Ltd purchased a new position in Gulfport Energy in the 1st quarter valued at approximately $5,947,000. Keybank National Association OH grew its stake in shares of Gulfport Energy by 1.2% in the first quarter. Keybank National Association OH now owns 5,881 shares of the company’s stock worth $1,244,000 after acquiring an additional 67 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Gulfport Energy in the first quarter worth $205,000.

Gulfport Energy Trading Down 0.1%

Shares of NYSE:GPOR opened at $168.75 on Monday. Gulfport Energy Corporation has a 52 week low of $158.91 and a 52 week high of $225.78. The company’s 50 day moving average is $173.68 and its two-hundred day moving average is $190.48. The company has a market cap of $3.03 billion, a PE ratio of 5.77 and a beta of 0.41. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GPOR. JPMorgan Chase & Co. increased their price objective on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. UBS Group lowered their target price on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Truist Financial cut their price target on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Finally, Weiss Ratings cut Gulfport Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $230.22.

Gulfport Energy 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.