Gulfport Energy Co. (GPOR) Holdings Cut by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in Gulfport Energy Co. (NASDAQ:GPOR) by 69.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,800 shares of the oil and gas producer’s stock after selling 31,348 shares during the period. SG Americas Securities LLC’s holdings in Gulfport Energy were worth $133,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GPOR. Encompass Capital Advisors LLC grew its holdings in shares of Gulfport Energy by 16.0% during the fourth quarter. Encompass Capital Advisors LLC now owns 4,475,301 shares of the oil and gas producer’s stock worth $57,105,000 after purchasing an additional 618,793 shares during the last quarter. Snow Capital Management LP grew its holdings in shares of Gulfport Energy by 4.6% during the fourth quarter. Snow Capital Management LP now owns 4,319,937 shares of the oil and gas producer’s stock worth $55,122,000 after purchasing an additional 189,435 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Gulfport Energy by 39.1% during the fourth quarter. Schroder Investment Management Group now owns 4,278,562 shares of the oil and gas producer’s stock worth $54,594,000 after purchasing an additional 1,202,052 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Gulfport Energy by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,013,795 shares of the oil and gas producer’s stock worth $25,697,000 after purchasing an additional 147,387 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Gulfport Energy by 24.6% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,518,275 shares of the oil and gas producer’s stock worth $14,651,000 after purchasing an additional 300,000 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

In other Gulfport Energy news, Director Paul D. Westerman purchased 10,000 shares of the company’s stock in a transaction on Tuesday, May 29th. The shares were purchased at an average cost of $10.33 per share, with a total value of $103,300.00. Following the completion of the purchase, the director now owns 35,488 shares in the company, valued at $366,591.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by insiders.

Gulfport Energy stock opened at $10.70 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $1.92 billion, a P/E ratio of 6.67, a P/E/G ratio of 0.36 and a beta of 0.38. Gulfport Energy Co. has a one year low of $8.11 and a one year high of $15.09.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Tuesday, May 8th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.14. Gulfport Energy had a return on equity of 10.03% and a net margin of 28.25%. The firm had revenue of $325.40 million for the quarter, compared to analyst estimates of $354.46 million. During the same period in the previous year, the firm earned $0.32 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. equities analysts predict that Gulfport Energy Co. will post 1.52 earnings per share for the current fiscal year.

Several research firms have recently weighed in on GPOR. ValuEngine cut Gulfport Energy from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. KeyCorp reduced their price target on Gulfport Energy from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, May 24th. Guggenheim restated a “buy” rating and set a $12.50 price target on shares of Gulfport Energy in a report on Tuesday, March 27th. Williams Capital restated a “buy” rating and set a $16.00 price target on shares of Gulfport Energy in a report on Wednesday, May 23rd. Finally, Jefferies Financial Group set a $15.00 price target on Gulfport Energy and gave the stock a “buy” rating in a report on Tuesday, May 15th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $16.06.

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

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