3,381 Shares in Gulfport Energy Corporation $GPOR Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new stake in shares of Gulfport Energy Corporation (NYSE:GPOR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,381 shares of the company’s stock, valued at approximately $680,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Global Alpha Capital Management Ltd. boosted its position in shares of Gulfport Energy by 4.5% in the second quarter. Global Alpha Capital Management Ltd. now owns 163,160 shares of the company’s stock valued at $32,823,000 after acquiring an additional 7,000 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Gulfport Energy during the 2nd quarter worth approximately $557,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Gulfport Energy during the 2nd quarter worth approximately $1,367,000. Jefferies Financial Group Inc. lifted its stake in Gulfport Energy by 36.6% in the 2nd quarter. Jefferies Financial Group Inc. now owns 86,079 shares of the company’s stock worth $17,317,000 after purchasing an additional 23,050 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in Gulfport Energy by 71.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,085 shares of the company’s stock valued at $621,000 after purchasing an additional 1,286 shares during the period.

Insiders Place Their Bets

In other news, Director Timothy J. Cutt sold 2,635 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $210.45, for a total value of $554,535.75. Following the completion of the sale, the director directly owned 35,473 shares in the company, valued at approximately $7,465,292.85. The trade was a 6.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jason Joseph Martinez sold 600 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total transaction of $102,942.00. Following the completion of the sale, the director directly owned 4,288 shares of the company’s stock, valued at $735,692.16. This trade represents a 12.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 4,760 shares of company stock valued at $978,140. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GPOR shares. Roth Capital assumed coverage on shares of Gulfport Energy in a report on Monday, October 13th. They issued a “neutral” rating and a $200.00 price target on the stock. Zacks Research upgraded Gulfport Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a report on Wednesday, October 8th. UBS Group cut their price objective on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Finally, Jefferies Financial Group started coverage on shares of Gulfport Energy in a research note on Thursday, October 23rd. They issued a “buy” rating and a $250.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Gulfport Energy presently has an average rating of “Moderate Buy” and a consensus target price of $221.25.

Gulfport Energy Stock Down 0.5%

Shares of GPOR stock opened at $221.47 on Tuesday. The business’s 50-day moving average price is $193.44. Gulfport Energy Corporation has a 12-month low of $153.27 and a 12-month high of $225.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of -30.85 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR) last announced 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). The firm had revenue of $379.75 million for the quarter, compared to analysts’ expectations of $343.18 million. Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.