Rice Hall James & Associates LLC Makes New Investment in Gulfport Energy Corporation $GPOR

Rice Hall James & Associates LLC purchased a new position in shares of Gulfport Energy Corporation (NYSE:GPOR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,238 shares of the company’s stock, valued at approximately $4,209,000. Rice Hall James & Associates LLC owned approximately 0.10% of Gulfport Energy at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GPOR. Millennium Management LLC boosted its stake in Gulfport Energy by 1,281.6% during the third quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock worth $77,104,000 after buying an additional 395,197 shares in the last quarter. Goldentree Asset Management LP acquired a new stake in shares of Gulfport Energy in the 3rd quarter valued at $44,665,000. Victory Capital Management Inc. boosted its stake in shares of Gulfport Energy by 50.3% in the 4th quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock valued at $109,692,000 after purchasing an additional 176,386 shares in the last quarter. Whitebox Advisors LLC boosted its stake in shares of Gulfport Energy by 148.6% in the 3rd quarter. Whitebox Advisors LLC now owns 274,627 shares of the company’s stock valued at $49,702,000 after purchasing an additional 164,178 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Gulfport Energy by 93.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 313,884 shares of the company’s stock valued at $56,807,000 after purchasing an additional 152,005 shares in the last quarter.

Gulfport Energy Stock Performance

Gulfport Energy stock opened at $161.58 on Tuesday. The stock has a 50-day simple moving average of $182.99 and a 200 day simple moving average of $195.37. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. Gulfport Energy Corporation has a 12-month low of $160.00 and a 12-month high of $225.78. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 5.52 and a beta of 0.41.

Insider Activity

In related news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy 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 transaction, the director directly owned 3,888 shares of the company’s stock, valued at $829,699.20. The trade was a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GPOR shares. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $251.00 to $252.00 in a research note on Wednesday, May 27th. UBS Group reduced their target price on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Wall Street Zen downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Truist Financial reduced their target price on shares of Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Finally, Bank of America boosted their target price on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $230.22.

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.