Gulfport Energy Corporation $GPOR Shares Sold by SIR Capital Management L.P.

SIR Capital Management L.P. lessened its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 41.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,751 shares of the company’s stock after selling 38,784 shares during the period. Gulfport Energy accounts for approximately 1.3% of SIR Capital Management L.P.’s investment portfolio, making the stock its 29th biggest position. SIR Capital Management L.P. owned approximately 0.28% of Gulfport Energy worth $11,388,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in Gulfport Energy in the 3rd quarter valued at about $28,000. Allworth Financial LP raised its holdings in Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after acquiring an additional 85 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after acquiring an additional 197 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Gulfport Energy in the 3rd quarter valued at about $148,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new stake in Gulfport Energy in the 4th quarter valued at about $150,000.

Gulfport Energy Stock Performance

NYSE:GPOR opened at $166.48 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $2.99 billion, a P/E ratio of 5.69 and a beta of 0.41. The company has a 50 day moving average price of $183.89 and a 200 day moving average price of $195.81. Gulfport Energy Corporation has a fifty-two week low of $160.95 and a fifty-two week high of $225.78.

Insider Buying and Selling at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total transaction of $85,360.00. Following the completion of the transaction, the director owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. This trade represents a 9.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Gulfport Energy in a report on Friday, May 29th. Bank of America increased their price objective on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 19th. UBS Group cut their price objective on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $251.00 to $252.00 in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, March 16th. One 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $230.22.

Gulfport Energy Company 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.