Y Intercept Hong Kong Ltd Acquires New Position in Gulfport Energy Corporation $GPOR

Y Intercept Hong Kong Ltd acquired a new stake in Gulfport Energy Corporation (NYSE:GPOR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,937 shares of the company’s stock, valued at approximately $1,194,000.

Several other hedge funds have also recently bought and sold shares of GPOR. Canoe Financial LP acquired a new stake in shares of Gulfport Energy in the 2nd quarter worth approximately $13,257,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Gulfport Energy by 337.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company’s stock worth $12,412,000 after purchasing an additional 47,600 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Gulfport Energy by 243.6% during the second quarter. Assenagon Asset Management S.A. now owns 42,763 shares of the company’s stock valued at $8,603,000 after acquiring an additional 30,317 shares during the period. Stephens Investment Management Group LLC acquired a new stake in shares of Gulfport Energy during the second quarter valued at approximately $7,487,000. Finally, Congress Asset Management Co. purchased a new position in Gulfport Energy during the second quarter valued at approximately $6,905,000.

Gulfport Energy Stock Performance

Shares of GPOR opened at $194.76 on Tuesday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of -27.13 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. The company has a fifty day moving average price of $178.84. Gulfport Energy Corporation has a 52 week low of $136.70 and a 52 week high of $210.32.

Gulfport Energy (NYSE:GPOR) last issued its earnings results on Monday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter. Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%. The company had revenue of $298.62 million for the quarter.

Insiders Place Their Bets

In other Gulfport Energy 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 owned 4,288 shares of the company’s stock, valued at approximately $735,692.16. The trade was a 12.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

GPOR has been the topic of several analyst reports. William Blair initiated coverage on shares of Gulfport Energy in a research note on Monday, August 25th. They set an “outperform” rating on the stock. Roth Capital started coverage on shares of Gulfport Energy in a report on Monday, October 13th. They issued a “neutral” rating and a $200.00 price target for the company. Mizuho reduced their price objective on shares of Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating for the company in a report on Monday, September 15th. UBS Group reduced their price objective on shares of Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Finally, Wall Street Zen raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $215.63.

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.