Hodges Capital Management Inc. Reduces Stock Position in Gulfport Energy Corporation $GPOR

Key Points

• Hodges Capital Management Inc. has significantly reduced its stake in Gulfport Energy Corporation by 50%, now holding 28,300 shares valued at approximately $5.2 million.
• In recent trading activity, Gulfport Energy's stock opened at $173.82 with a market cap of $3.05 billion, showing a 52-week range between $136.45 and $210.32.
• Analysts have varied opinions on Gulfport Energy, with one upgrade to a "strong-buy" rating and another firm lowering its target price to $205.00, while the consensus rating remains a "Moderate Buy".

Hodges Capital Management Inc. reduced its position in shares of Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 50.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,300 shares of the company's stock after selling 28,300 shares during the period. Hodges Capital Management Inc. owned 0.16% of Gulfport Energy worth $5,211,000 as of its most recent SEC filing.

Separately, Strs Ohio purchased a new stake in shares of Gulfport Energy during the first quarter worth about $239,000.

Insider Buying and Selling at Gulfport Energy

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total transaction of $102,942.00. Following the completion of the transaction, the director owned 4,288 shares of the company's stock, valued at approximately $735,692.16. This trade represents a 12.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.62% of the company's stock.

Wall Street Analyst Weigh In

GPOR has been the subject of a number of analyst reports. TD Cowen upgraded shares of Gulfport Energy to a "strong-buy" rating in a report on Monday, July 7th. Wall Street Zen upgraded shares of Gulfport Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group dropped their target price on shares of Gulfport Energy from $240.00 to $227.00 and set a "buy" rating for the company in a report on Wednesday, August 20th. KeyCorp dropped their target price on shares of Gulfport Energy from $215.00 to $205.00 and set an "overweight" rating for the company in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Gulfport Energy from $208.00 to $236.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $221.50.

Gulfport Energy Stock Performance

Shares of NYSE:GPOR opened at $173.82 on Friday. Gulfport Energy Corporation has a 52-week low of $136.45 and a 52-week high of $210.32. The company has a market cap of $3.05 billion, a price-to-earnings ratio of -24.21 and a beta of 0.62. The stock has a 50 day moving average price of $173.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51.

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

Gulfport Energy Company 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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