Counterpoint Mutual Funds LLC Buys New Position in Gulfport Energy Corporation $GPOR

Key Points

• Counterpoint Mutual Funds LLC has acquired a new position in Gulfport Energy Corporation, purchasing 12,872 shares valued at approximately $2.59 million, making it the fund's 17th largest position.
• Analysts have diverse ratings for Gulfport Energy, with JPMorgan Chase raising its price target from $208 to $236 and other firms issuing ratings ranging from "strong buy" to "sell."
• Gulfport Energy reported $4.06 earnings per share for its last quarter, missing analysts' estimates of $4.91 despite achieving revenue of $447.62 million, surpassing expectations.

Counterpoint Mutual Funds LLC bought a new stake in Gulfport Energy Corporation (NYSE:GPOR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,872 shares of the company's stock, valued at approximately $2,589,000. Gulfport Energy comprises approximately 0.2% of Counterpoint Mutual Funds LLC's investment portfolio, making the stock its 17th biggest position. Counterpoint Mutual Funds LLC owned about 0.07% of Gulfport Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Oliver Luxxe Assets LLC raised its stake in Gulfport Energy by 1.5% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 11,245 shares of the company's stock valued at $2,262,000 after purchasing an additional 162 shares during the last quarter. Rhumbline Advisers raised its stake in Gulfport Energy by 1.2% in the 1st quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock valued at $3,798,000 after purchasing an additional 248 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in Gulfport Energy in the 2nd quarter valued at about $85,000. Strs Ohio acquired a new position in Gulfport Energy in the 1st quarter valued at about $239,000. Finally, Pallas Capital Advisors LLC acquired a new position in Gulfport Energy in the 2nd quarter valued at about $263,000.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total value of $102,942.00. Following the completion of the transaction, the director owned 4,288 shares in the company, valued at $735,692.16. This represents a 12.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GPOR has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Gulfport Energy from $208.00 to $236.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. TD Cowen upgraded Gulfport Energy to a "strong-buy" rating in a report on Monday, July 7th. William Blair initiated coverage on Gulfport Energy in a report on Monday, August 25th. They issued an "outperform" rating for the company. Mizuho lowered their price target on Gulfport Energy from $227.00 to $199.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Finally, Wall Street Zen upgraded Gulfport Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $217.00.

Gulfport Energy Stock Up 0.8%

NYSE GPOR opened at $168.54 on Tuesday. The stock has a market cap of $2.96 billion, a PE ratio of -23.47 and a beta of 0.62. Gulfport Energy Corporation has a fifty-two week low of $136.45 and a fifty-two week high of $210.32. The business has a 50 day moving average of $171.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.51 and a current ratio of 0.51.

Gulfport Energy (NYSE:GPOR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $4.06 earnings per share for the quarter, missing analysts' consensus estimates of $4.91 by ($0.85). The company had revenue of $447.62 million during the quarter, compared to analysts' expectations of $334.57 million. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.

Gulfport Energy Profile

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.

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