Bank of New York Mellon Corp lifted its stake in shares of Gulfport Energy Co. (NASDAQ:GPOR) by 7.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,920,781 shares of the oil and gas producer’s stock after buying an additional 131,859 shares during the quarter. Bank of New York Mellon Corp owned about 1.11% of Gulfport Energy worth $24,144,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of Gulfport Energy during the 2nd quarter worth about $101,000. Element Capital Management LLC acquired a new stake in shares of Gulfport Energy during the 1st quarter worth about $140,000. Sigma Planning Corp acquired a new stake in shares of Gulfport Energy during the 2nd quarter worth about $154,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Gulfport Energy during the 2nd quarter worth about $170,000. Finally, KBC Group NV acquired a new stake in shares of Gulfport Energy during the 1st quarter worth about $205,000. Institutional investors own 97.38% of the company’s stock.
GPOR stock opened at $10.71 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 0.53. Gulfport Energy Co. has a 12 month low of $8.11 and a 12 month high of $15.08. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.33 and a beta of 0.35.
Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. Gulfport Energy had a net margin of 30.30% and a return on equity of 9.69%. The firm had revenue of $252.74 million for the quarter, compared to analyst estimates of $329.40 million. During the same period last year, the firm earned $0.33 EPS. The business’s quarterly revenue was down 22.0% compared to the same quarter last year. equities research analysts forecast that Gulfport Energy Co. will post 1.54 earnings per share for the current fiscal year.
In other Gulfport Energy news, VP Steve Baldwin sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $11.00, for a total value of $110,000.00. Following the transaction, the vice president now directly owns 40,918 shares of the company’s stock, valued at approximately $450,098. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is owned by company insiders.
GPOR has been the subject of a number of research reports. BidaskClub upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. JPMorgan Chase & Co. set a $13.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Thursday, May 31st. KeyCorp dropped their price objective on shares of Gulfport Energy from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, May 24th. Stifel Nicolaus assumed coverage on shares of Gulfport Energy in a research note on Wednesday, May 23rd. They issued a “buy” rating and a $13.40 price objective for the company. Finally, Williams Capital reiterated a “buy” rating and issued a $16.00 price objective on shares of Gulfport Energy in a research note on Wednesday, May 23rd. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.40.
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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