Prudential Financial Inc. decreased its holdings in Gulfport Energy Co. (NASDAQ:GPOR) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,222,799 shares of the oil and gas producer’s stock after selling 47,260 shares during the quarter. Prudential Financial Inc. owned 0.75% of Gulfport Energy worth $6,004,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of GPOR. Dimensional Fund Advisors LP raised its stake in Gulfport Energy by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,687,995 shares of the oil and gas producer’s stock worth $96,209,000 after purchasing an additional 114,266 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Gulfport Energy in the 1st quarter worth about $410,000. Alps Advisors Inc. raised its stake in Gulfport Energy by 25.9% in the 1st quarter. Alps Advisors Inc. now owns 52,197 shares of the oil and gas producer’s stock worth $419,000 after purchasing an additional 10,745 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in Gulfport Energy in the 1st quarter worth about $84,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in Gulfport Energy in the 1st quarter valued at about $8,278,000. Institutional investors and hedge funds own 97.52% of the company’s stock.
Several equities analysts have commented on the stock. Jefferies Financial Group lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating and decreased their target price for the company from $11.00 to $5.00 in a report on Monday, July 15th. Zacks Investment Research raised shares of Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.25 target price on the stock in a report on Monday. Piper Jaffray Companies set a $7.00 target price on shares of Gulfport Energy and gave the company a “buy” rating in a report on Friday, August 16th. Williams Capital lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Finally, Credit Suisse Group lowered shares of Gulfport Energy from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.64.
In other news, CEO David M. Wood purchased 40,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were purchased at an average price of $2.44 per share, for a total transaction of $97,600.00. Following the transaction, the chief executive officer now owns 1,005,449 shares of the company’s stock, valued at $2,453,295.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Quentin R. Hicks purchased 15,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was purchased at an average price of $2.38 per share, for a total transaction of $35,700.00. Following the transaction, the chief financial officer now directly owns 15,000 shares in the company, valued at approximately $35,700. The disclosure for this purchase can be found here. Insiders own 0.45% of the company’s stock.
GPOR traded down $0.17 during trading on Thursday, reaching $2.95. 87,979 shares of the company’s stock were exchanged, compared to its average volume of 4,145,045. Gulfport Energy Co. has a one year low of $2.28 and a one year high of $11.94. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $502.00 million, a PE ratio of 1.61, a price-to-earnings-growth ratio of 0.26 and a beta of 0.87. The firm has a fifty day moving average price of $3.01 and a two-hundred day moving average price of $5.52.
Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. Gulfport Energy had a net margin of 33.82% and a return on equity of 7.34%. The firm had revenue of $459.00 million for the quarter, compared to analyst estimates of $312.43 million. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 81.6% compared to the same quarter last year. Sell-side analysts expect that Gulfport Energy Co. will post 1.07 earnings per share for the current year.
Gulfport Energy Profile
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.
Further Reading: Recession
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