Pallas Capital Advisors LLC Makes New $263,000 Investment in Gulfport Energy Corporation $GPOR

Pallas Capital Advisors LLC bought a new stake in Gulfport Energy Corporation (NYSE:GPOR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,308 shares of the company’s stock, valued at approximately $263,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Gulfport Energy by 337.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company’s stock valued at $12,412,000 after purchasing an additional 47,600 shares during the period. Rhumbline Advisers boosted its position in Gulfport Energy by 1.2% during the 1st quarter. Rhumbline Advisers now owns 20,623 shares of the company’s stock valued at $3,798,000 after buying an additional 248 shares during the period. Finally, Strs Ohio purchased a new stake in Gulfport Energy during the 1st quarter valued at $239,000.

Insider Activity

In other news, Director Jason Joseph Martinez sold 600 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total transaction of $102,942.00. Following the transaction, the director owned 4,288 shares in the company, valued at $735,692.16. This 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 through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Gulfport Energy Stock Performance

GPOR stock opened at $167.10 on Monday. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -23.27 and a beta of 0.62. The firm’s 50-day moving average price is $172.39. Gulfport Energy Corporation has a one year low of $136.45 and a one year high of $210.32. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings results on Tuesday, August 5th. The company reported $4.06 EPS for the quarter, missing the consensus estimate of $4.91 by ($0.85). Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%. The firm had revenue of $447.62 million for the quarter, compared to analysts’ expectations of $334.57 million.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GPOR shares. William Blair initiated coverage on shares of Gulfport Energy in a research note on Monday, August 25th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of Gulfport Energy from $208.00 to $236.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Wall Street Zen upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Zacks Research cut shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. Finally, UBS Group cut their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $217.00.

Gulfport Energy Profile

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.