Livforsakringsbolaget Skandia Omsesidigt Purchases 47,600 Shares of Gulfport Energy Corporation $GPOR

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly increased its holdings in Gulfport Energy Corporation by 337.6%, now owning 61,700 shares valued at approximately $12.4 million.
• Gulfport Energy reported earnings per share of $4.06 for the last quarter, which fell short of analyst expectations by $0.85, despite a revenue of $447.62 million.
• Recent analyst reports have resulted in mixed ratings for Gulfport Energy, with a current consensus rating of "Moderate Buy" and a price target averaging $217.00.

Livforsakringsbolaget Skandia Omsesidigt increased its stake in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 337.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,700 shares of the company's stock after purchasing an additional 47,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned about 0.35% of Gulfport Energy worth $12,412,000 at the end of the most recent quarter.

Separately, Rhumbline Advisers lifted its holdings in Gulfport Energy by 1.2% in the first quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock worth $3,798,000 after purchasing an additional 248 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GPOR shares. KeyCorp reduced their price objective 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. JPMorgan Chase & Co. upped 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. William Blair assumed coverage on shares of Gulfport Energy in a research report on Monday, August 25th. They set an "outperform" rating for the company. Zacks Research lowered shares of Gulfport Energy from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 9th. Finally, UBS Group reduced their price objective on shares of Gulfport Energy from $240.00 to $227.00 and set a "buy" rating for the company in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $217.00.

Gulfport Energy Price Performance

GPOR traded down $6.18 during midday trading on Friday, hitting $167.10. 1,084,428 shares of the company's stock traded hands, compared to its average volume of 235,045. The stock has a market capitalization of $2.93 billion, a P/E ratio of -23.27 and a beta of 0.62. The company's fifty day moving average price is $172.39. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42. Gulfport Energy Corporation has a one year low of $136.45 and a one year high of $210.32.

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

Insiders Place Their Bets

In related 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.62% of the company's stock.

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.