KBC Group NV trimmed its holdings in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 52.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,474 shares of the oil and gas producer’s stock after selling 212,120 shares during the period. KBC Group NV owned about 0.10% of Gulfport Energy worth $2,717,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of Gulfport Energy by 57.7% during the third quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock valued at $73,731,000 after purchasing an additional 1,881,196 shares during the period. Barings LLC raised its stake in shares of Gulfport Energy by 32.7% during the third quarter. Barings LLC now owns 97,850 shares of the oil and gas producer’s stock valued at $1,403,000 after purchasing an additional 24,100 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Gulfport Energy during the third quarter valued at approximately $1,117,000. BKS Advisors LLC purchased a new stake in shares of Gulfport Energy during the third quarter valued at approximately $161,000. Finally, Schroder Investment Management Group raised its stake in shares of Gulfport Energy by 6.9% during the third quarter. Schroder Investment Management Group now owns 3,076,510 shares of the oil and gas producer’s stock valued at $44,270,000 after purchasing an additional 199,432 shares during the period. 86.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at $12.46 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2,261.06, a price-to-earnings ratio of 9.43, a P/E/G ratio of 0.30 and a beta of 0.69. Gulfport Energy Corporation has a 12 month low of $10.90 and a 12 month high of $29.92.
Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The business had revenue of $265.50 million for the quarter, compared to the consensus estimate of $302.33 million. During the same quarter in the previous year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 37.1% on a year-over-year basis. analysts expect that Gulfport Energy Corporation will post 1.37 EPS for the current year.
In other Gulfport Energy news, Director Paul D. Westerman bought 10,000 shares of the stock in a transaction on Thursday, November 30th. The stock was purchased at an average price of $12.75 per share, for a total transaction of $127,500.00. Following the completion of the purchase, the director now directly owns 15,488 shares in the company, valued at $197,472. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by insiders.
GPOR has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday, October 4th. Mizuho reiterated a “buy” rating and set a $23.00 price objective on shares of Gulfport Energy in a research note on Wednesday, October 4th. KeyCorp reiterated a “buy” rating and set a $18.00 price objective on shares of Gulfport Energy in a research note on Tuesday, September 19th. Jefferies Group set a $20.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, Stifel Nicolaus dropped their price objective on shares of Gulfport Energy from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $22.30.
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About Gulfport Energy
Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.
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