Livforsakringsbolaget Skandia Omsesidigt Acquires 3,000 Shares of Gulfport Energy Corporation $GPOR

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has increased its stake in Gulfport Energy Corporation by 21.3%, owning 17,100 shares worth approximately $3,437,000.
• Gulfport Energy reported a $4.06 earnings per share for the last quarter, missing estimates of $4.91, but exceeded revenue expectations with $447.62 million in revenue.
• Analyst ratings for Gulfport Energy are mixed, with a consensus rating of "Moderate Buy" and an average price target of $217.00, amidst fluctuations in ratings from various research firms.

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 21.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,100 shares of the company's stock after purchasing an additional 3,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned 0.10% of Gulfport Energy worth $3,437,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GPOR. Strs Ohio purchased a new stake in Gulfport Energy during the 1st quarter worth about $239,000. Pallas Capital Advisors LLC purchased a new stake in Gulfport Energy during the 2nd quarter worth about $263,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Gulfport Energy during the 2nd quarter worth about $557,000. Rhumbline Advisers lifted its holdings in Gulfport Energy by 1.2% during the 1st quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock worth $3,798,000 after purchasing an additional 248 shares in the last quarter. Finally, Canoe Financial LP purchased a new stake in Gulfport Energy during the 2nd quarter worth about $13,257,000.

Gulfport Energy Stock Performance

GPOR traded down $6.18 on Friday, hitting $167.10. 1,084,428 shares of the company were exchanged, compared to its average volume of 235,045. The stock's fifty day moving average price is $172.39. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Gulfport Energy Corporation has a 12 month low of $136.45 and a 12 month high of $210.32. The company has a market capitalization of $2.93 billion, a PE ratio of -23.27 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR - Get Free Report) last posted its quarterly 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 company had revenue of $447.62 million for the quarter, compared to the consensus estimate of $334.57 million.

Insider Transactions at Gulfport Energy

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 stock was sold at an average price of $171.57, for a total transaction of $102,942.00. Following the transaction, the director directly owned 4,288 shares in the company, valued at $735,692.16. This trade 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. 0.62% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on GPOR shares. Zacks Research cut Gulfport Energy from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 9th. UBS Group lowered their price target on Gulfport Energy from $240.00 to $227.00 and set a "buy" rating on the stock in a report on Wednesday, August 20th. TD Cowen raised Gulfport Energy to a "strong-buy" rating in a report on Monday, July 7th. William Blair assumed coverage on Gulfport Energy in a report on Monday, August 25th. They issued an "outperform" rating on the stock. Finally, Wall Street Zen raised 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 issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Gulfport Energy currently has an average rating of "Moderate Buy" and an average price target of $217.00.

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.