Livforsakringsbolaget Skandia Omsesidigt Purchases 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 lifted its position in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 21.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,100 shares of the company's stock after buying an additional 3,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned about 0.10% of Gulfport Energy worth $3,437,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Strs Ohio bought a new stake in shares of Gulfport Energy in the 1st quarter valued at $239,000. Pallas Capital Advisors LLC acquired a new position in Gulfport Energy in the 2nd quarter worth $263,000. Wealth Enhancement Advisory Services LLC acquired a new position in Gulfport Energy in the 2nd quarter worth $557,000. Rhumbline Advisers boosted its stake in Gulfport Energy by 1.2% in 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 during the period. Finally, Canoe Financial LP acquired a new position in Gulfport Energy in the 2nd quarter worth $13,257,000.

Gulfport Energy Trading Up 2.2%

Shares of Gulfport Energy stock traded up $3.70 during trading hours on Tuesday, reaching $172.62. 58,817 shares of the company's stock were exchanged, compared to its average volume of 256,997. The business's 50 day moving average is $171.98. Gulfport Energy Corporation has a fifty-two week low of $136.45 and a fifty-two week high of $210.32. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm has a market cap of $3.03 billion, a PE ratio of -24.04 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $4.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.91 by ($0.85). The firm had revenue of $447.62 million during 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GPOR shares. William Blair started coverage on shares of Gulfport Energy in a research note on Monday, August 25th. They issued an "outperform" rating for the company. UBS Group reduced their target price on shares of Gulfport Energy from $240.00 to $227.00 and set a "buy" rating for the company in a research note on Wednesday, August 20th. Wall Street Zen raised shares of Gulfport Energy from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. upped their target price on shares of Gulfport Energy from $208.00 to $236.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Finally, KeyCorp reduced their target price on shares of Gulfport Energy from $215.00 to $205.00 and set an "overweight" rating for the company in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $217.00.

Insider Activity

In other news, Director Jason Joseph Martinez sold 600 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total value of $102,942.00. Following the sale, the director directly owned 4,288 shares of the company's stock, valued at approximately $735,692.16. This represents a 12.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company's stock.

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.