Azzad Asset Management Inc. ADV Takes $772,000 Position in Gulfport Energy Corporation $GPOR

Azzad Asset Management Inc. ADV bought a new position in Gulfport Energy Corporation (NYSE:GPOR) during the first quarter, Holdings Channel reports. The firm bought 3,651 shares of the company’s stock, valued at approximately $772,000.

Several other large investors have also added to or reduced their stakes in GPOR. Allspring Global Investments Holdings LLC purchased a new position in Gulfport Energy in the fourth quarter worth $2,478,000. IFP Advisors Inc increased its position in shares of Gulfport Energy by 20,951.9% during the 3rd quarter. IFP Advisors Inc now owns 10,947 shares of the company’s stock valued at $1,981,000 after purchasing an additional 10,895 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Gulfport Energy during the 3rd quarter worth $13,574,000. LSP Investment Advisors LLC purchased a new position in shares of Gulfport Energy in the 3rd quarter worth about $8,488,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Gulfport Energy by 93.0% in the 4th quarter. SG Americas Securities LLC now owns 11,822 shares of the company’s stock worth $2,459,000 after buying an additional 5,698 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating for the company in a report on Friday. Bank of America boosted their target price on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. UBS Group decreased their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. upped their price objective on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Gulfport Energy has a consensus rating of “Moderate Buy” and a consensus price target of $227.00.

Gulfport Energy Stock Performance

NYSE GPOR opened at $152.19 on Friday. The firm has a market cap of $2.73 billion, a P/E ratio of 5.20 and a beta of 0.41. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $170.86 and its 200-day moving average is $189.18. Gulfport Energy Corporation has a 12-month low of $149.79 and a 12-month high of $225.78.

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.