Gulfport Energy Corporation $GPOR Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,623 shares of the company’s stock after acquiring an additional 248 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Gulfport Energy worth $3,798,000 at the end of the most recent quarter.

Separately, Strs Ohio bought a new position in shares of Gulfport Energy in the 1st quarter worth about $239,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Gulfport Energy from $208.00 to $236.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. UBS Group reduced their price target on shares of Gulfport Energy from $240.00 to $227.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. TD Cowen upgraded shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, July 7th. Zacks Research downgraded shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. Finally, KeyCorp cut their price objective on shares of Gulfport Energy from $215.00 to $205.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $221.50.

Gulfport Energy Price Performance

Shares of GPOR opened at $174.04 on Monday. The stock has a 50 day simple moving average of $173.14. The firm has a market cap of $3.06 billion, a PE ratio of -24.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51. Gulfport Energy Corporation has a 12-month low of $136.45 and a 12-month high of $210.32.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $4.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.91 by ($0.85). The business had revenue of $447.62 million during the quarter, compared to analyst estimates of $334.57 million. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.

Insider Activity

In other news, Director Jason Joseph Martinez sold 600 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total value of $102,942.00. Following the transaction, the director directly owned 4,288 shares of the company’s stock, valued at $735,692.16. This trade represents a 12.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.62% of the stock is owned by corporate insiders.

About Gulfport Energy

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.