Prudential Financial Inc. reduced its holdings in Gulfport Energy Co. (NASDAQ:GPOR) by 31.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,115,557 shares of the oil and gas producer’s stock after selling 506,133 shares during the quarter. Prudential Financial Inc. owned about 0.64% of Gulfport Energy worth $11,613,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC bought a new position in shares of Gulfport Energy during the second quarter worth $101,000. Dupont Capital Management Corp acquired a new position in shares of Gulfport Energy during the 3rd quarter worth about $103,000. Sigma Planning Corp acquired a new position in shares of Gulfport Energy during the 2nd quarter worth about $154,000. Advisors Preferred LLC acquired a new position in shares of Gulfport Energy during the 2nd quarter worth about $221,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Gulfport Energy during the 3rd quarter worth about $222,000. 98.45% of the stock is owned by institutional investors and hedge funds.
Shares of Gulfport Energy stock opened at $8.52 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.48 billion, a P/E ratio of 6.04, a PEG ratio of 0.35 and a beta of 0.48. Gulfport Energy Co. has a 1 year low of $8.07 and a 1 year high of $13.74.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.11. Gulfport Energy had a net margin of 33.89% and a return on equity of 10.26%. The firm had revenue of $360.96 million during the quarter, compared to analyst estimates of $360.39 million. As a group, analysts expect that Gulfport Energy Co. will post 1.81 earnings per share for the current fiscal year.
A number of analysts have issued reports on GPOR shares. Oppenheimer started coverage on shares of Gulfport Energy in a report on Wednesday, October 3rd. They issued an “outperform” rating and a $18.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Gulfport Energy from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, August 29th. Williams Capital set a $16.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a research report on Friday, November 2nd. Piper Jaffray Companies set a $13.00 price target on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Monday, October 8th. Finally, Morgan Stanley upped their price target on shares of Gulfport Energy from $7.00 to $8.00 and gave the company a “sell” rating in a research report on Monday, November 5th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.11.
In other Gulfport Energy news, Director Paul D. Westerman purchased 10,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The stock was acquired at an average cost of $8.44 per share, for a total transaction of $84,400.00. Following the purchase, the director now directly owns 56,689 shares of the company’s stock, valued at approximately $478,455.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.32% of the company’s stock.
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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