Gulfport Energy Corporation $GPOR Shares Bought by Gemsstock Ltd.

Gemsstock Ltd. raised its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 79.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 337,349 shares of the company’s stock after buying an additional 149,175 shares during the period. Gulfport Energy comprises 10.1% of Gemsstock Ltd.’s portfolio, making the stock its 2nd biggest position. Gemsstock Ltd. owned about 1.75% of Gulfport Energy worth $70,165,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Gulfport Energy by 3.3% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 11,698 shares of the company’s stock worth $2,433,000 after buying an additional 376 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Gulfport Energy by 3.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 43,436 shares of the company’s stock worth $9,034,000 after buying an additional 1,340 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of Gulfport Energy by 26.1% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,391 shares of the company’s stock worth $1,537,000 after buying an additional 1,531 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Gulfport Energy during the fourth quarter worth approximately $219,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Gulfport Energy during the fourth quarter worth approximately $4,181,000.

Insider Buying and Selling

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total transaction of $85,360.00. Following the completion of the sale, the director owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. The trade was a 9.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GPOR. Bank of America raised their price objective on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. raised their price target on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Gulfport Energy in a report on Friday, May 29th. UBS Group lowered their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Finally, Wall Street Zen lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Gulfport Energy presently has an average rating of “Moderate Buy” and an average target price of $230.22.

Gulfport Energy Stock Performance

Shares of Gulfport Energy stock opened at $166.48 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $2.99 billion, a P/E ratio of 5.69 and a beta of 0.41. The firm has a 50 day simple moving average of $183.89 and a 200 day simple moving average of $195.81. Gulfport Energy Corporation has a fifty-two week low of $160.95 and a fifty-two week high of $225.78.

Gulfport Energy Company 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.