Renaissance Technologies LLC Increases Position in Gulfport Energy Corporation $GPOR

Renaissance Technologies LLC increased its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 582.6% during the 1st quarter, Holdings Channel reports. The firm owned 137,200 shares of the company’s stock after acquiring an additional 117,100 shares during the period. Renaissance Technologies LLC’s holdings in Gulfport Energy were worth $29,027,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Gulfport Energy in the fourth quarter worth about $2,478,000. SG Americas Securities LLC grew its position in shares of Gulfport Energy by 93.0% during the fourth quarter. SG Americas Securities LLC now owns 11,822 shares of the company’s stock worth $2,459,000 after purchasing an additional 5,698 shares in the last quarter. BOKF NA raised its stake in Gulfport Energy by 66.7% during the 4th quarter. BOKF NA now owns 25,000 shares of the company’s stock valued at $5,200,000 after purchasing an additional 10,000 shares during the period. Jennison Associates LLC raised its stake in Gulfport Energy by 14.2% during the 4th quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock valued at $139,662,000 after purchasing an additional 83,613 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in Gulfport Energy by 449.7% in the 4th quarter. State of Alaska Department of Revenue now owns 3,914 shares of the company’s stock worth $813,000 after purchasing an additional 3,202 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GPOR. 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 report on Wednesday, May 27th. Weiss Ratings lowered shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. UBS Group dropped 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. Zacks Research cut shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Truist Financial dropped their price target on Gulfport Energy from $219.00 to $190.00 and set a “hold” rating for the company in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Gulfport Energy has an average rating of “Moderate Buy” and a consensus price target of $227.00.

Gulfport Energy Trading Down 0.5%

GPOR stock opened at $153.37 on Wednesday. Gulfport Energy Corporation has a 52-week low of $149.18 and a 52-week high of $225.78. 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 firm has a market cap of $2.76 billion, a P/E ratio of 5.24 and a beta of 0.41. The company’s 50-day simple moving average is $163.86 and its 200-day simple moving average is $184.95.

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.