Industry News

Gulfport Energy Co. (NASDAQ:GPOR) Stake Boosted by Aviance Capital Partners LLC

By September 7, 2019 No Comments

Aviance Capital Partners LLC grew its stake in shares of Gulfport Energy Co. (NASDAQ:GPOR) by 109.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,776 shares of the oil and gas producer’s stock after purchasing an additional 86,651 shares during the quarter. Aviance Capital Partners LLC owned approximately 0.10% of Gulfport Energy worth $814,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in shares of Gulfport Energy by 2,682.9% during the second quarter. Renaissance Technologies LLC now owns 472,200 shares of the oil and gas producer’s stock valued at $2,319,000 after purchasing an additional 455,232 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Gulfport Energy during the second quarter worth approximately $414,000. Schroder Investment Management Group boosted its position in shares of Gulfport Energy by 9.1% during the second quarter. Schroder Investment Management Group now owns 4,585,770 shares of the oil and gas producer’s stock worth $22,516,000 after buying an additional 380,582 shares during the period. Price Wealth Management Inc. boosted its position in shares of Gulfport Energy by 223.6% during the second quarter. Price Wealth Management Inc. now owns 184,773 shares of the oil and gas producer’s stock worth $907,000 after buying an additional 127,673 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Gulfport Energy by 170.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 209,225 shares of the oil and gas producer’s stock worth $1,027,000 after buying an additional 131,925 shares during the period. 96.49% of the stock is owned by institutional investors.

In other news, CEO David M. Wood bought 40,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was purchased at an average cost of $2.44 per share, for a total transaction of $97,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,005,449 shares of the company’s stock, valued at approximately $2,453,295.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Quentin R. Hicks bought 15,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was purchased at an average price of $2.38 per share, with a total value of $35,700.00. Following the completion of the transaction, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at $35,700. The disclosure for this purchase can be found here. Corporate insiders own 0.45% of the company’s stock.

Several equities analysts have recently issued reports on GPOR shares. Jefferies Financial Group downgraded Gulfport Energy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $11.00 to $5.00 in a research report on Monday, July 15th. Zacks Investment Research upgraded Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.75 price objective for the company in a research report on Tuesday, August 6th. Credit Suisse Group downgraded Gulfport Energy from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 9th. Williams Capital downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Piper Jaffray Companies set a $7.00 price objective on Gulfport Energy and gave the stock a “buy” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.68.

GPOR opened at $2.75 on Friday. The company has a market capitalization of $448.21 million, a price-to-earnings ratio of 1.50, a price-to-earnings-growth ratio of 0.21 and a beta of 0.87. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.64. Gulfport Energy Co. has a 1-year low of $2.28 and a 1-year high of $11.94. The business has a 50 day moving average price of $3.10 and a two-hundred day moving average price of $5.68.

Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $459.00 million during the quarter, compared to the consensus estimate of $312.43 million. Gulfport Energy had a return on equity of 7.34% and a net margin of 33.82%. The firm’s revenue for the quarter was up 81.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. Equities analysts expect that Gulfport Energy Co. will post 1.07 EPS for the current fiscal year.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.

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Institutional Ownership by Quarter for Gulfport Energy (NASDAQ:GPOR)

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