Quantbot Technologies LP Decreases Stake in Gulfport Energy Corporation $GPOR

Quantbot Technologies LP reduced its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 94.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,014 shares of the company’s stock after selling 31,666 shares during the period. Quantbot Technologies LP’s holdings in Gulfport Energy were worth $364,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GPOR. Coastal Bridge Advisors LLC acquired a new position in shares of Gulfport Energy in the 3rd quarter valued at $1,837,000. Stephens Investment Management Group LLC lifted its position in Gulfport Energy by 29.0% during the 3rd quarter. Stephens Investment Management Group LLC now owns 48,001 shares of the company’s stock worth $8,687,000 after acquiring an additional 10,786 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Gulfport Energy during the 2nd quarter valued at about $1,367,000. Assenagon Asset Management S.A. grew its stake in Gulfport Energy by 45.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 62,221 shares of the company’s stock valued at $11,261,000 after purchasing an additional 19,458 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Gulfport Energy in the third quarter valued at about $13,418,000.

Gulfport Energy Price Performance

Shares of NYSE GPOR opened at $190.28 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a fifty day moving average of $196.86 and a 200 day moving average of $193.75. The firm has a market cap of $3.53 billion, a PE ratio of 9.36 and a beta of 0.61. Gulfport Energy Corporation has a one year low of $153.27 and a one year high of $225.78.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.61 by ($0.01). The company had revenue of $398.19 million for the quarter, compared to analysts’ expectations of $373.24 million. Gulfport Energy had a net margin of 30.01% and a return on equity of 21.85%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GPOR. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. Zacks Research upgraded Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Tudor Pickering lowered shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Wolfe Research cut shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Finally, UBS Group lifted their price objective on shares of Gulfport Energy from $264.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $227.44.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, Director Silver Point Capital L.P. sold 759,740 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $204.22, for a total transaction of $155,154,102.80. Following the completion of the sale, the director directly owned 2,690,145 shares in the company, valued at approximately $549,381,411.90. The trade was a 22.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy J. Cutt sold 5,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $208.73, for a total value of $1,043,650.00. Following the transaction, the director directly owned 26,255 shares of the company’s stock, valued at $5,480,206.15. The trade was a 16.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 893,835 shares of company stock worth $182,476,994 in the last three months. 0.33% of the stock is owned by corporate insiders.

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.