Gulfport Energy Corporation $GPOR Position Lifted by Azarias Capital Management L.P.

Azarias Capital Management L.P. increased its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 10.1% during the 1st quarter, HoldingsChannel reports. The fund owned 42,121 shares of the company’s stock after acquiring an additional 3,848 shares during the quarter. Gulfport Energy comprises approximately 4.0% of Azarias Capital Management L.P.’s portfolio, making the stock its 7th biggest holding. Azarias Capital Management L.P.’s holdings in Gulfport Energy were worth $8,912,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GPOR. Polymer Capital Management US LLC increased its position in Gulfport Energy by 3.8% during the third quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock worth $397,000 after purchasing an additional 81 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Gulfport Energy by 3.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company’s stock worth $615,000 after purchasing an additional 94 shares during the period. King Luther Capital Management Corp grew its holdings in shares of Gulfport Energy by 0.4% during the 4th quarter. King Luther Capital Management Corp now owns 23,535 shares of the company’s stock worth $4,895,000 after purchasing an additional 102 shares during the period. Finally, Rafferty Asset Management LLC increased its position in shares of Gulfport Energy by 0.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock worth $3,588,000 after purchasing an additional 108 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on GPOR. UBS Group lowered their price objective on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Gulfport Energy in a research report on Friday, May 29th. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. Truist Financial lowered their price target on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Finally, Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $230.22.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction that occurred 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 sale, the director directly owned 3,888 shares in the company, valued at $829,699.20. This represents a 9.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by company insiders.

Gulfport Energy Trading Up 0.4%

NYSE GPOR opened at $161.31 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 5.51 and a beta of 0.41. The firm has a 50 day simple moving average of $179.51 and a 200-day simple moving average of $193.73. Gulfport Energy Corporation has a one year low of $159.34 and a one year 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.