Bailard Inc. Sells 300 Shares of Gulfport Energy Corporation $GPOR

Bailard Inc. trimmed its position in Gulfport Energy Corporation (NYSE:GPOR) by 8.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,285 shares of the company’s stock after selling 300 shares during the quarter. Bailard Inc.’s holdings in Gulfport Energy were worth $661,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GPOR. Toth Financial Advisory Corp acquired a new position in shares of Gulfport Energy in the second quarter valued at about $85,000. Assetmark Inc. boosted its holdings in Gulfport Energy by 50.5% in the 2nd quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after purchasing an additional 168 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Gulfport Energy by 1,360.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock valued at $126,000 after purchasing an additional 585 shares during the period. Strs Ohio acquired a new position in shares of Gulfport Energy during the 1st quarter worth approximately $239,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Gulfport Energy during the second quarter worth approximately $263,000.

Analyst Ratings Changes

Several brokerages recently issued reports on GPOR. William Blair initiated coverage on Gulfport Energy in a research note on Monday, August 25th. They issued an “outperform” rating for the company. UBS Group dropped their price objective on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Gulfport Energy has an average rating of “Moderate Buy” and a consensus price target of $221.25.

Gulfport Energy Stock Performance

Shares of GPOR stock opened at $211.40 on Friday. Gulfport Energy Corporation has a fifty-two week low of $153.27 and a fifty-two week high of $215.57. The firm has a fifty day simple moving average of $184.41. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $4.08 billion, a P/E ratio of -29.44 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). The business had revenue of $379.75 million for the quarter, compared to analyst estimates of $343.18 million. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.

Insider Transactions at Gulfport Energy

In related news, Director Timothy J. Cutt sold 2,635 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $210.45, for a total transaction of $554,535.75. Following the completion of the transaction, the director directly owned 35,473 shares in the company, valued at $7,465,292.85. This represents a 6.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David D. Wolf sold 1,525 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $210.27, for a total transaction of $320,661.75. Following the completion of the transaction, the director directly owned 4,462 shares of the company’s stock, valued at approximately $938,224.74. The trade was a 25.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 4,760 shares of company stock valued at $978,140. 0.62% of the stock is currently owned by insiders.

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.