BlueCrest Capital Management Ltd bought a new stake in Gulfport Energy Co. (NASDAQ:GPOR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,482 shares of the oil and gas producer’s stock, valued at approximately $631,000.
A number of other large investors also recently added to or reduced their stakes in GPOR. State of Alaska Department of Revenue acquired a new position in Gulfport Energy in the fourth quarter valued at about $137,000. BKS Advisors LLC acquired a new position in Gulfport Energy in the third quarter valued at about $161,000. Oakbrook Investments LLC acquired a new position in Gulfport Energy in the fourth quarter valued at about $180,000. Delpha Capital Management LLC acquired a new position in Gulfport Energy in the fourth quarter valued at about $187,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Gulfport Energy during the third quarter worth about $211,000. 88.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:GPOR traded down $0.25 during mid-day trading on Friday, reaching $9.77. 3,057,241 shares of the stock were exchanged, compared to its average volume of 3,712,836. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $1,834.72, a PE ratio of 6.93, a PEG ratio of 0.39 and a beta of 0.33. Gulfport Energy Co. has a one year low of $8.11 and a one year high of $17.55.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.06. The business had revenue of $397.85 million during the quarter, compared to the consensus estimate of $337.95 million. Gulfport Energy had a return on equity of 8.64% and a net margin of 32.96%. During the same period last year, the company earned $0.34 earnings per share. research analysts predict that Gulfport Energy Co. will post 1.29 earnings per share for the current fiscal year.
Gulfport Energy declared that its board has authorized a share buyback plan on Monday, January 29th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the oil and gas producer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of research firms have recently commented on GPOR. Credit Suisse Group began coverage on Gulfport Energy in a research report on Monday, December 11th. They set a “neutral” rating and a $15.00 price target on the stock. Morgan Stanley dropped their price target on Gulfport Energy from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 24th. Mizuho set a $18.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Piper Jaffray reaffirmed a “buy” rating and set a $20.00 price target on shares of Gulfport Energy in a research report on Tuesday, January 9th. Finally, ValuEngine lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Three analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. Gulfport Energy presently has a consensus rating of “Buy” and an average price target of $18.13.
In other news, Director Paul D. Westerman acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $10.14 per share, for a total transaction of $101,400.00. Following the completion of the acquisition, the director now owns 25,488 shares in the company, valued at $258,448.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by company insiders.
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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 the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
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