IFP Advisors Inc Decreases Stock Position in Gulfport Energy Corporation $GPOR

Key Points

• IFP Advisors cut its Gulfport Energy stake by 97.8% in the second quarter, selling 12,587 shares and retaining 284 shares valued at approximately $48,000.
• Gulfport Energy reported quarterly EPS of $4.85, beating analyst estimates of $3.82, on revenue of $323.23 million. The company has a 32.28% net margin and analysts expect full-year EPS of $22.25.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $217.50; recent targets range from $186 to $194, while CEO Domenic Dell’Osso purchased 1,600 shares.

IFP Advisors Inc cut its holdings in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 97.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284 shares of the company's stock after selling 12,587 shares during the quarter. IFP Advisors Inc's holdings in Gulfport Energy were worth $48,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GPOR. Allworth Financial LP increased its holdings in Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company's stock worth $33,000 after buying an additional 85 shares in the last quarter. Pinnacle Holdings LLC bought a new position in Gulfport Energy during the 2nd quarter valued at about $49,000. EverSource Wealth Advisors LLC lifted its stake in Gulfport Energy by 58.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock valued at $68,000 after acquiring an additional 120 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Gulfport Energy by 866.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company's stock valued at $84,000 after acquiring an additional 364 shares during the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of Gulfport Energy during the 4th quarter valued at about $150,000.

Gulfport Energy Stock Performance

Shares of NYSE:GPOR opened at $159.86 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. Gulfport Energy Corporation has a 12 month low of $149.18 and a 12 month high of $225.78. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 6.39 and a beta of 0.43. The firm's 50-day moving average is $166.87 and its 200 day moving average is $177.12.

Gulfport Energy (NYSE:GPOR - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.82 by $1.03. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%.The business had revenue of $323.23 million during the quarter. Research analysts predict that Gulfport Energy Corporation will post 22.25 EPS for the current year.

Insider Activity

In related news, CEO Domenic Dell'osso, Jr. purchased 1,600 shares of Gulfport Energy stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $160.61 per share, with a total value of $256,976.00. Following the purchase, the chief executive officer directly owned 24,349 shares of the company's stock, valued at approximately $3,910,692.89. This represents a 7.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew Willrath sold 325 shares of Gulfport Energy stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total transaction of $59,374.25. Following the sale, the chief accounting officer owned 2,130 shares of the company's stock, valued at $389,129.70. The trade was a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GPOR. Pickering Energy Partners began coverage on Gulfport Energy in a research note on Tuesday. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $194.00 target price (down from $240.00) on shares of Gulfport Energy in a report on Tuesday, September 8th. Weiss Ratings downgraded Gulfport Energy from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Truist Financial reduced their price target on shares of Gulfport Energy from $190.00 to $186.00 and set a "hold" rating on the stock in a report on Wednesday, August 5th. Finally, Stifel Nicolaus started coverage on Gulfport Energy in a report on Wednesday, September 9th. They set a "hold" rating and a $193.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $217.50.

About Gulfport Energy

Gulfport Energy Corporation is an independent exploration and production company focused primarily on natural gas and natural gas liquids. The company develops and produces hydrocarbons from unconventional shale formations, with operations concentrated in the Appalachian Basin.

Gulfport's principal assets are located in eastern Ohio, where it holds acreage in the Utica and Marcellus shale plays. Its activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing natural gas, natural gas liquids and crude oil.

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