Coastal Bridge Advisors LLC Purchases New Holdings in Gulfport Energy Corporation $GPOR

Coastal Bridge Advisors LLC acquired a new position in Gulfport Energy Corporation (NYSE:GPOR) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,150 shares of the company’s stock, valued at approximately $1,837,000. Coastal Bridge Advisors LLC owned 0.06% of Gulfport Energy as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Financial Consulate Inc. purchased a new stake in shares of Gulfport Energy in the third quarter valued at $31,000. Federated Hermes Inc. raised its position in Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after buying an additional 127 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 197 shares in the last quarter. Assetmark Inc. boosted its position in Gulfport Energy by 50.5% during the 2nd quarter. Assetmark Inc. now owns 501 shares of the company’s stock worth $101,000 after acquiring an additional 168 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Gulfport Energy by 1,360.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock worth $126,000 after acquiring an additional 585 shares during the period.

Gulfport Energy Stock Performance

GPOR stock opened at $199.85 on Friday. The firm has a 50 day moving average of $200.77 and a two-hundred day moving average of $187.44. Gulfport Energy Corporation has a 12 month low of $153.27 and a 12 month high of $225.78. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of -105.18 and a beta of 0.61. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings data on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.64 by ($1.51). The business had revenue of $379.75 million during the quarter, compared to analyst estimates of $343.18 million. Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%.

Analyst Ratings Changes

GPOR has been the topic of a number of research reports. Roth Mkm initiated coverage on Gulfport Energy in a report on Monday, October 13th. They issued a “neutral” rating and a $200.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Gulfport Energy in a research note on Thursday, October 23rd. They issued a “buy” rating and a $250.00 price objective on the stock. Wall Street Zen upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Sunday, January 25th. Evercore ISI boosted their price target on shares of Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a report on Monday, November 10th. Finally, UBS Group upped their price target on shares of Gulfport Energy from $227.00 to $264.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $230.88.

Insider Buying and Selling

In related news, Director Timothy J. Cutt sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $214.74, for a total value of $536,850.00. Following the completion of the sale, the director directly owned 31,255 shares in the company, valued at approximately $6,711,698.70. The trade was a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Lester Zitkus sold 4,745 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $185.69, for a total value of $881,099.05. Following the sale, the senior vice president directly owned 7,821 shares of the company’s stock, valued at $1,452,281.49. The trade was a 37.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 312,172 shares of company stock valued at $67,975,930. 0.62% of the stock is owned by corporate insiders.

Gulfport Energy Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.