SG Americas Securities LLC Purchases 5,698 Shares of Gulfport Energy Corporation $GPOR

SG Americas Securities LLC increased its position in Gulfport Energy Corporation (NYSE:GPOR) by 93.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,822 shares of the company’s stock after purchasing an additional 5,698 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Gulfport Energy worth $2,459,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GPOR. Wealth Enhancement Advisory Services LLC increased its position in Gulfport Energy by 52.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,852 shares of the company’s stock worth $593,000 after buying an additional 980 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of Gulfport Energy by 12.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 1,745 shares of the company’s stock valued at $363,000 after buying an additional 198 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Gulfport Energy in the fourth quarter valued at approximately $242,000. IFP Advisors Inc boosted its stake in shares of Gulfport Energy by 20,951.9% during the 3rd quarter. IFP Advisors Inc now owns 10,947 shares of the company’s stock worth $1,981,000 after acquiring an additional 10,895 shares during the period. Finally, Goldentree Asset Management LP bought a new position in shares of Gulfport Energy during the 3rd quarter worth approximately $44,665,000.

Gulfport Energy Stock Performance

NYSE:GPOR opened at $206.84 on Friday. The stock has a 50 day simple moving average of $203.50 and a 200 day simple moving average of $197.72. The stock has a market cap of $3.84 billion, a P/E ratio of 10.17 and a beta of 0.59. Gulfport Energy Corporation has a 1-year low of $153.27 and a 1-year high of $225.78. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing the consensus estimate of $5.61 by ($0.01). Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.The firm had revenue of $398.19 million for the quarter, compared to the consensus estimate of $373.24 million.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GPOR shares. Wolfe Research cut Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Mizuho lifted their price objective on shares of Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings raised shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. TD Cowen upgraded shares of Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Wall Street Zen downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.90.

Insiders Place Their Bets

In related news, CFO Michael L. Hodges sold 16,769 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $210.70, for a total transaction of $3,533,228.30. Following the transaction, the chief financial officer directly owned 18,473 shares of the company’s stock, valued at approximately $3,892,261.10. This trade represents a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael Sluiter sold 9,933 shares of Gulfport Energy stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $210.00, for a total transaction of $2,085,930.00. Following the completion of the sale, the senior vice president owned 11,980 shares of the company’s stock, valued at $2,515,800. This trade represents a 45.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 891,735 shares of company stock valued at $182,025,504 in the last three months. Insiders own 0.62% of the company’s stock.

Gulfport Energy Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.