Sheets Smith Wealth Management Takes Position in Gulfport Energy Corporation $GPOR

Key Points

• Sheets Smith Wealth Management has acquired a new stake in Gulfport Energy Corporation, purchasing 3,418 shares valued at approximately $688,000 in the second quarter.
• Gulfport Energy recently reported $4.06 earnings per share for its last quarter, falling short of analysts' expectations by $0.85, while revenue reached $447.62 million.
• Several analysts have upgraded Gulfport Energy's stock rating, with a consensus rating of "Moderate Buy" and an average target price of $217.00.

Sheets Smith Wealth Management bought a new stake in Gulfport Energy Corporation (NYSE:GPOR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,418 shares of the company's stock, valued at approximately $688,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strs Ohio acquired a new position in Gulfport Energy in the 1st quarter valued at about $239,000. Rhumbline Advisers increased its position 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 during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in Gulfport Energy by 337.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company's stock worth $12,412,000 after purchasing an additional 47,600 shares during the period. Pallas Capital Advisors LLC acquired a new position in Gulfport Energy during the 2nd quarter worth approximately $263,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Gulfport Energy during the 2nd quarter worth approximately $557,000.

Gulfport Energy Stock Up 1.8%

Shares of Gulfport Energy stock opened at $174.18 on Thursday. Gulfport Energy Corporation has a fifty-two week low of $136.45 and a fifty-two week high of $210.32. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -24.26 and a beta of 0.62. The business's fifty day simple moving average is $171.34. 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 (NYSE:GPOR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $4.06 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $447.62 million for the quarter, compared to analysts' expectations of $334.57 million.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. William Blair assumed coverage on Gulfport Energy in a research report on Monday, August 25th. They set an "outperform" rating on the stock. UBS Group dropped their target price on Gulfport Energy from $240.00 to $227.00 and set a "buy" rating on the stock in a research report on Wednesday, August 20th. KeyCorp dropped their target price on Gulfport Energy from $215.00 to $205.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. Wall Street Zen upgraded Gulfport Energy from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, TD Cowen upgraded Gulfport Energy to a "strong-buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $217.00.

Insider Transactions at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 600 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total value of $102,942.00. Following the completion of the sale, the director directly owned 4,288 shares in the company, 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 is accessible through the SEC website. Corporate 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.

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