IFP Advisors Inc Has $1.98 Million Position in Gulfport Energy Corporation $GPOR

IFP Advisors Inc grew its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR) by 20,951.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,947 shares of the company’s stock after purchasing an additional 10,895 shares during the period. IFP Advisors Inc’s holdings in Gulfport Energy were worth $1,981,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Polymer Capital Management US LLC increased its position in shares of Gulfport Energy by 3.8% in the third quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock valued at $397,000 after acquiring an additional 81 shares during the last quarter. Rafferty Asset Management LLC boosted its position in Gulfport Energy by 0.6% during the second quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock valued at $3,588,000 after purchasing an additional 108 shares during the last quarter. Federated Hermes Inc. grew its stake in Gulfport Energy by 133.7% in the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares in the last quarter. Fiduciary Trust Co grew its stake in Gulfport Energy by 13.4% in the third quarter. Fiduciary Trust Co now owns 1,272 shares of the company’s stock valued at $230,000 after purchasing an additional 150 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Gulfport Energy during the 3rd quarter worth approximately $28,000.

Gulfport Energy Stock Performance

GPOR opened at $205.10 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Gulfport Energy Corporation has a 12-month low of $153.27 and a 12-month high of $225.78. The business has a 50 day moving average of $198.08 and a 200-day moving average of $195.07. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 10.09 and a beta of 0.61.

Gulfport Energy (NYSE:GPOR) last posted its earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.The business had revenue of $398.19 million for the quarter, compared to analyst estimates of $373.24 million.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GPOR shares. Tudor Pickering downgraded Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Weiss Ratings upgraded shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a report on Monday, March 2nd. UBS Group upped their price target on shares of Gulfport Energy from $264.00 to $267.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Wall Street Zen cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Zacks Research raised shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $228.78.

Insider Activity

In other news, SVP Michael Sluiter sold 9,933 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $210.00, for a total value of $2,085,930.00. Following the transaction, the senior vice president directly owned 11,980 shares of the company’s stock, valued at $2,515,800. This represents a 45.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael L. Hodges sold 16,769 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $210.70, for a total transaction of $3,533,228.30. Following the sale, the chief financial officer owned 18,473 shares of the company’s stock, valued at approximately $3,892,261.10. This represents a 47.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 893,835 shares of company stock valued at $182,476,994. 0.62% of the stock is owned by company 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.