8,678 Shares in Gulfport Energy Corporation $GPOR Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in Gulfport Energy Corporation (NYSE:GPOR) during the 1st quarter, Holdings Channel reports. The fund acquired 8,678 shares of the company’s stock, valued at approximately $1,844,000.

A number of other large investors have also recently added to or reduced their stakes in GPOR. Advisory Services Network LLC acquired a new stake in shares of Gulfport Energy in the 3rd quarter valued at about $28,000. Allworth Financial LP lifted its holdings in shares of Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after purchasing an additional 85 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after buying an additional 197 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Gulfport Energy during the fourth quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Gulfport Energy by 866.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock valued at $84,000 after buying an additional 364 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GPOR shares. Zacks Research cut shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Truist Financial cut their price target on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. UBS Group reduced their price objective on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Finally, Weiss Ratings downgraded Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $227.00.

Gulfport Energy Stock Down 0.1%

GPOR stock opened at $157.07 on Monday. Gulfport Energy Corporation has a 1-year low of $149.18 and a 1-year high of $225.78. The business’s 50 day simple moving average is $165.15 and its 200 day simple moving average is $185.40. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $2.82 billion, a PE ratio of 5.37 and a beta of 0.41.

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.