Cubist Systematic Strategies LLC lessened its holdings in shares of Gulfport Energy Co. (NASDAQ:GPOR) by 19.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,011 shares of the oil and gas producer’s stock after selling 12,707 shares during the period. Cubist Systematic Strategies LLC’s holdings in Gulfport Energy were worth $512,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in Gulfport Energy by 105.9% during the 4th quarter. Renaissance Technologies LLC now owns 1,139,641 shares of the oil and gas producer’s stock valued at $14,542,000 after purchasing an additional 586,241 shares during the period. Virtu Financial LLC increased its holdings in Gulfport Energy by 151.4% during the 4th quarter. Virtu Financial LLC now owns 39,577 shares of the oil and gas producer’s stock valued at $505,000 after purchasing an additional 23,835 shares during the period. Meeder Asset Management Inc. increased its holdings in Gulfport Energy by 91,466.7% during the 1st quarter. Meeder Asset Management Inc. now owns 65,928 shares of the oil and gas producer’s stock valued at $636,000 after purchasing an additional 65,856 shares during the period. Teacher Retirement System of Texas increased its holdings in Gulfport Energy by 310.7% during the 4th quarter. Teacher Retirement System of Texas now owns 55,800 shares of the oil and gas producer’s stock valued at $712,000 after purchasing an additional 42,214 shares during the period. Finally, HBK Investments L P increased its holdings in Gulfport Energy by 199.6% during the 4th quarter. HBK Investments L P now owns 488,500 shares of the oil and gas producer’s stock valued at $6,233,000 after purchasing an additional 325,442 shares during the period. Institutional investors own 89.55% of the company’s stock.
Gulfport Energy opened at $12.57 on Friday, MarketBeat reports. 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 cap of $2.11 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.40 and a beta of 0.38. Gulfport Energy Co. has a fifty-two week low of $8.11 and a fifty-two week high of $15.09.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.14. The business had revenue of $325.40 million for the quarter, compared to analysts’ expectations of $354.46 million. Gulfport Energy had a return on equity of 10.03% and a net margin of 28.25%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. analysts forecast that Gulfport Energy Co. will post 1.51 earnings per share for the current year.
In other news, VP Steve Baldwin sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $11.00, for a total value of $110,000.00. Following the sale, the vice president now directly owns 40,918 shares of the company’s stock, valued at approximately $450,098. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.
A number of research analysts recently issued reports on GPOR shares. Eurobank EFG upgraded Gulfport Energy from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday, April 27th. UBS Group upgraded Gulfport Energy from a “neutral” rating to a “buy” rating in a report on Friday, April 27th. Guggenheim restated a “buy” rating and set a $12.50 price target on shares of Gulfport Energy in a report on Tuesday, March 27th. Jefferies Financial Group set a $15.00 price target on Gulfport Energy and gave the company a “buy” rating in a report on Monday, March 19th. Finally, Piper Jaffray Companies set a $16.00 price target on Gulfport Energy and gave the company a “buy” rating in a report on Wednesday, March 14th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $15.40.
About Gulfport Energy
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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