Gulfport Energy Corporation $GPOR Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Gulfport Energy Corporation (NYSE:GPOR) by 177.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 32,810 shares of the company’s stock after purchasing an additional 20,988 shares during the quarter. SG Americas Securities LLC’s holdings in Gulfport Energy were worth $6,942,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in shares of Gulfport Energy in the third quarter valued at about $28,000. Allworth Financial LP increased its stake in shares of Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after purchasing an additional 85 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Gulfport Energy during the 4th quarter worth approximately $54,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Gulfport Energy by 866.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock worth $84,000 after purchasing an additional 364 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on GPOR shares. Bank of America increased their target price on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. boosted their price target on Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Truist Financial reduced their price objective on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Weiss Ratings lowered Gulfport Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Finally, UBS Group decreased their price objective on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gulfport Energy currently has a consensus rating of “Moderate Buy” and an average price target of $230.22.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total transaction of $85,360.00. Following the completion of the sale, the director owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. The trade was a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Gulfport Energy Trading Down 0.3%

GPOR stock opened at $162.40 on Monday. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 5.55 and a beta of 0.41. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $175.90 and a 200-day simple moving average of $191.85. Gulfport Energy Corporation has a 52 week low of $158.91 and a 52 week high of $225.78.

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.