Arrowstreet Capital Limited Partnership Buys 15,173 Shares of Gulfport Energy Corporation $GPOR

Arrowstreet Capital Limited Partnership increased its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 10.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 161,879 shares of the company’s stock after purchasing an additional 15,173 shares during the period. Arrowstreet Capital Limited Partnership owned 0.92% of Gulfport Energy worth $32,565,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. lifted its holdings in shares of Gulfport Energy by 4.5% in the second quarter. Global Alpha Capital Management Ltd. now owns 163,160 shares of the company’s stock worth $32,823,000 after buying an additional 7,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Gulfport Energy during the 2nd quarter worth approximately $557,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Gulfport Energy in the 2nd quarter worth approximately $1,367,000. Westwood Holdings Group Inc. boosted its holdings in Gulfport Energy by 71.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,085 shares of the company’s stock valued at $621,000 after purchasing an additional 1,286 shares during the period. Finally, Jefferies Financial Group Inc. grew its position in shares of Gulfport Energy by 36.6% during the 2nd quarter. Jefferies Financial Group Inc. now owns 86,079 shares of the company’s stock valued at $17,317,000 after purchasing an additional 23,050 shares in the last quarter.

Gulfport Energy Price Performance

Shares of NYSE GPOR opened at $217.06 on Friday. The company has a market capitalization of $4.19 billion, a PE ratio of -114.24 and a beta of 0.60. Gulfport Energy Corporation has a one year low of $153.27 and a one year high of $225.78. The company’s 50 day simple moving average is $196.72. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%. The business had revenue of $379.75 million during the quarter, compared to analysts’ expectations of $343.18 million.

Insider Buying and Selling at Gulfport Energy

In other news, Director David D. Wolf sold 1,525 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $210.27, for a total transaction of $320,661.75. Following the transaction, the director directly owned 4,462 shares of the company’s stock, valued at approximately $938,224.74. This trade represents a 25.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy J. Cutt sold 2,635 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $210.45, for a total value of $554,535.75. Following the completion of the sale, the director directly owned 35,473 shares of the company’s stock, valued at approximately $7,465,292.85. This trade represents a 6.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 294,795 shares of company stock valued at $64,658,224. Corporate insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

GPOR has been the topic of a number of recent analyst reports. Mizuho lowered their price objective on Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. KeyCorp upped their target price on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Jefferies Financial Group began coverage on Gulfport Energy in a research report on Thursday, October 23rd. They set a “buy” rating and a $250.00 price target for the company. Finally, Tudor Pickering cut shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Gulfport Energy presently has an average rating of “Moderate Buy” and a consensus target price of $221.25.

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.