Aristeia Capital L.L.C. Sells 17,465 Shares of Gulfport Energy Corporation $GPOR

Aristeia Capital L.L.C. lessened its holdings in Gulfport Energy Corporation (NYSE:GPOR) by 33.1% during the 4th quarter, Holdings Channel reports. The firm owned 35,275 shares of the company’s stock after selling 17,465 shares during the period. Aristeia Capital L.L.C.’s holdings in Gulfport Energy were worth $7,337,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GPOR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Gulfport Energy by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock valued at $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 boosted its stake in shares of Gulfport Energy by 14.8% in 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 valued at $17,631,000 after purchasing an additional 12,327 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Gulfport Energy by 11.6% in the 1st quarter. Intech Investment Management LLC now owns 6,400 shares of the company’s stock valued at $1,178,000 after purchasing an additional 665 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Gulfport Energy by 16.7% in the 2nd quarter. Cetera Investment Advisers now owns 1,532 shares of the company’s stock valued at $308,000 after purchasing an additional 219 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of Gulfport Energy in the 2nd quarter valued at about $400,000.

Gulfport Energy Stock Down 1.2%

Gulfport Energy stock opened at $162.10 on Thursday. The company’s 50 day simple moving average is $181.26 and its 200 day simple moving average is $194.58. Gulfport Energy Corporation has a fifty-two week low of $159.34 and a fifty-two week high of $225.78. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 5.54 and a beta of 0.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GPOR shares. Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. Wall Street Zen lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Bank of America lifted their price objective on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. UBS Group reduced their price objective 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Gulfport Energy in a research note on Friday, May 29th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $230.22.

Insiders Place Their Bets

In related news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy 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 transaction, the director owned 3,888 shares of the company’s stock, valued at $829,699.20. This trade represents a 9.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.

About Gulfport Energy

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.