Gulfport Energy Corp. (GPOR) Short Interest Update
Gulfport Energy Corp. (NASDAQ:GPOR) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 8,329,187 shares, a decrease of 17.7% from the September 15th total of 10,122,954 shares. Approximately 6.7% of the shares of the stock are short sold. Based on an average daily volume of 3,437,896 shares, the days-to-cover ratio is currently 2.4 days.
A number of equities analysts have issued reports on GPOR shares. Barclays PLC increased their price target on Gulfport Energy Corp. from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. GMP Securities started coverage on Gulfport Energy Corp. in a research report on Wednesday, September 28th. They set a “hold” rating and a $24.00 price target on the stock. KeyCorp lowered their price target on Gulfport Energy Corp. from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, August 22nd. Jefferies Group upgraded Gulfport Energy Corp. from an “underperform” rating to a “hold” rating in a research report on Friday, August 19th. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of Gulfport Energy Corp. in a research report on Wednesday, July 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $34.81.
Several institutional investors have recently made changes to their positions in the company. Retirement Systems of Alabama raised its position in shares of Gulfport Energy Corp. by 30.8% in the second quarter. Retirement Systems of Alabama now owns 466,184 shares of the company’s stock worth $14,573,000 after buying an additional 109,749 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Gulfport Energy Corp. by 60.9% in the first quarter. Squarepoint Ops LLC now owns 34,429 shares of the company’s stock worth $976,000 after buying an additional 13,031 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Gulfport Energy Corp. during the first quarter worth about $17,713,000. PNC Financial Services Group Inc. raised its position in shares of Gulfport Energy Corp. by 96.7% in the second quarter. PNC Financial Services Group Inc. now owns 17,820 shares of the company’s stock worth $557,000 after buying an additional 8,762 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Gulfport Energy Corp. by 6.9% in the second quarter. William Blair Investment Management LLC now owns 139,302 shares of the company’s stock worth $4,355,000 after buying an additional 9,033 shares during the last quarter.
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Gulfport Energy Corp. (NASDAQ:GPOR) opened at 29.97 on Friday. The firm’s 50-day moving average is $28.47 and its 200 day moving average is $29.34. Gulfport Energy Corp. has a 52-week low of $20.21 and a 52-week high of $35.99. The stock’s market capitalization is $3.76 billion.
Gulfport Energy Corp. (NASDAQ:GPOR) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.11. Gulfport Energy Corp. had a negative net margin of 216.29% and a positive return on equity of 1.61%. On average, equities analysts forecast that Gulfport Energy Corp. will post $0.65 earnings per share for the current year.
About Gulfport Energy Corp.
Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects.
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