Nationwide Fund Advisors decreased its holdings in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277,486 shares of the oil and gas producer’s stock after selling 12,509 shares during the quarter. Nationwide Fund Advisors owned approximately 0.15% of Gulfport Energy Corporation worth $4,093,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its position in Gulfport Energy Corporation by 13,258.8% during the first quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock worth $388,348,000 after buying an additional 22,422,387 shares during the period. Boston Partners increased its holdings in shares of Gulfport Energy Corporation by 3.8% in the second quarter. Boston Partners now owns 12,524,347 shares of the oil and gas producer’s stock valued at $184,734,000 after purchasing an additional 460,406 shares during the period. Vanguard Group Inc. increased its holdings in shares of Gulfport Energy Corporation by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,487,255 shares of the oil and gas producer’s stock valued at $214,656,000 after purchasing an additional 559,602 shares during the period. State Street Corp increased its holdings in shares of Gulfport Energy Corporation by 27.4% in the first quarter. State Street Corp now owns 6,463,912 shares of the oil and gas producer’s stock valued at $111,114,000 after purchasing an additional 1,389,369 shares during the period. Finally, UBS Oconnor LLC increased its holdings in shares of Gulfport Energy Corporation by 19.3% in the first quarter. UBS Oconnor LLC now owns 4,095,679 shares of the oil and gas producer’s stock valued at $70,405,000 after purchasing an additional 661,485 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.
Gulfport Energy Corporation (GPOR) opened at 14.18 on Tuesday. The company’s market capitalization is $2.59 billion. Gulfport Energy Corporation has a one year low of $10.90 and a one year high of $30.37. The stock’s 50 day moving average is $13.68 and its 200 day moving average is $14.22.
Gulfport Energy Corporation (NASDAQ:GPOR) last posted its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. The business had revenue of $323.90 million for the quarter, compared to analyst estimates of $279.59 million. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. Gulfport Energy Corporation’s revenue was up 1052.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, analysts anticipate that Gulfport Energy Corporation will post $1.40 earnings per share for the current fiscal year.
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A number of brokerages recently weighed in on GPOR. Jefferies Group LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of Gulfport Energy Corporation in a report on Thursday, October 12th. Zacks Investment Research upgraded Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, October 11th. Scotiabank reiterated a “buy” rating and set a $23.00 target price on shares of Gulfport Energy Corporation in a research report on Monday, October 9th. Mizuho reiterated a “buy” rating and set a $23.00 target price on shares of Gulfport Energy Corporation in a research report on Wednesday, October 4th. Finally, KeyCorp reiterated a “buy” rating and set a $18.00 target price on shares of Gulfport Energy Corporation in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $23.73.
Gulfport Energy Corporation Company Profile
Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.
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