Erste Asset Management GmbH Invests $772,000 in Gulfport Energy Corporation $GPOR

Erste Asset Management GmbH acquired a new stake in shares of Gulfport Energy Corporation (NYSE:GPOR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,600 shares of the company’s stock, valued at approximately $772,000.

A number of other hedge funds have also recently made changes to their positions in GPOR. Advisory Services Network LLC purchased a new stake in Gulfport Energy in the 3rd quarter valued at $28,000. Allworth Financial LP raised its position in 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 buying an additional 85 shares during the last quarter. Federated Hermes Inc. raised its position in Gulfport Energy by 133.7% in the 3rd 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 last quarter. EverSource Wealth Advisors LLC raised its position in Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Gulfport Energy in the 3rd quarter valued at $148,000.

Gulfport Energy Stock Up 0.4%

GPOR stock opened at $167.20 on Thursday. 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 company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 5.71 and a beta of 0.41. Gulfport Energy Corporation has a fifty-two week low of $160.95 and a fifty-two week high of $225.78. The stock has a fifty day moving average of $185.72 and a 200-day moving average of $196.32.

Wall Street Analyst Weigh In

GPOR has been the subject of several research analyst reports. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Truist Financial decreased their target price 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. UBS Group decreased their target price on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, JPMorgan Chase & Co. raised their target price on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $230.22.

Insider Buying and Selling at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total transaction of $85,360.00. Following the completion of the transaction, the director owned 3,888 shares in the company, valued at approximately $829,699.20. This represents a 9.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

About Gulfport Energy

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.