TimesSquare Capital Management LLC reduced its stake in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 17.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,497,105 shares of the oil and gas producer’s stock after selling 319,050 shares during the quarter. TimesSquare Capital Management LLC owned about 0.82% of Gulfport Energy Corporation worth $22,082,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Gulfport Energy Corporation by 11.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 712 shares during the last quarter. Elkfork Partners LLC grew its stake in Gulfport Energy Corporation by 38.4% during the 1st quarter. Elkfork Partners LLC now owns 6,666 shares of the oil and gas producer’s stock worth $115,000 after buying an additional 1,848 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in Gulfport Energy Corporation by 38.4% during the 1st quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock worth $146,000 after buying an additional 2,352 shares during the last quarter. World Asset Management Inc bought a new position in Gulfport Energy Corporation during the 2nd quarter worth $150,000. Finally, Glen Harbor Capital Management LLC grew its stake in Gulfport Energy Corporation by 38.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 10,302 shares of the oil and gas producer’s stock worth $177,000 after buying an additional 2,856 shares during the last quarter. Hedge funds and other institutional investors own 86.78% of the company’s stock.
Shares of Gulfport Energy Corporation (NASDAQ GPOR) opened at 12.39 on Tuesday. The company has a 50-day moving average price of $12.25 and a 200 day moving average price of $14.71. Gulfport Energy Corporation has a 52 week low of $10.90 and a 52 week high of $30.47. The stock’s market capitalization is $2.27 billion.
Gulfport Energy Corporation (NASDAQ:GPOR) last posted its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.08. The firm had revenue of $323.90 million for the quarter, compared to analyst estimates of $279.59 million. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The company’s revenue for the quarter was up 1052.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. Analysts forecast that Gulfport Energy Corporation will post $1.41 earnings per share for the current fiscal year.
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A number of research analysts recently commented on the company. BidaskClub downgraded Gulfport Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Stifel Nicolaus lowered their price objective on Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, August 14th. KLR Group restated a “buy” rating and set a $22.00 price objective (down from $23.00) on shares of Gulfport Energy Corporation in a research note on Wednesday, May 17th. Royal Bank Of Canada set a $25.00 price target on Gulfport Energy Corporation and gave the stock a “buy” rating in a research note on Friday, June 2nd. Finally, Scotiabank reissued a “buy” rating and issued a $23.00 price target on shares of Gulfport Energy Corporation in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. Gulfport Energy Corporation currently has a consensus rating of “Buy” and a consensus price target of $25.14.
Gulfport Energy Corporation Company Profile
Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.
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