Rice Hall James & Associates LLC Purchases New Shares in Gulfport Energy Corporation $GPOR

Rice Hall James & Associates LLC purchased a new stake in Gulfport Energy Corporation (NYSE:GPOR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,238 shares of the company’s stock, valued at approximately $4,209,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GPOR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Gulfport Energy by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock worth $1,391,000 after purchasing an additional 181 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Gulfport Energy by 14.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,749 shares of the company’s stock worth $17,631,000 after purchasing an additional 12,327 shares during the last quarter. Intech Investment Management LLC raised its holdings in Gulfport Energy by 11.6% during the 1st quarter. Intech Investment Management LLC now owns 6,400 shares of the company’s stock worth $1,178,000 after purchasing an additional 665 shares during the last quarter. Cetera Investment Advisers raised its holdings in Gulfport Energy by 16.7% during the 2nd quarter. Cetera Investment Advisers now owns 1,532 shares of the company’s stock worth $308,000 after purchasing an additional 219 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in Gulfport Energy during the 2nd quarter worth about $400,000.

Gulfport Energy Stock Performance

Shares of GPOR stock opened at $161.58 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $2.90 billion, a PE ratio of 5.52 and a beta of 0.41. The stock has a 50-day moving average of $182.99 and a 200-day moving average of $195.37. Gulfport Energy Corporation has a one year low of $160.00 and a one year high of $225.78.

Wall Street Analyst Weigh In

GPOR has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Gulfport Energy in a report on Friday, May 29th. Bank of America boosted their price objective on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. upped their price target on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Truist Financial lowered their price target on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.22.

Insider Activity at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 400 shares of the company’s stock in a transaction dated 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 directly owned 3,888 shares of the company’s stock, valued at $829,699.20. This represents a 9.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

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.