Wealth Enhancement Advisory Services LLC Purchases New Holdings in Gulfport Energy Corporation $GPOR

Key Points

• Wealth Enhancement Advisory Services LLC purchased 2,996 shares of Gulfport Energy Corporation for approximately $557,000 during the second quarter, marking a new position for the institutional investor.
• Gulfport Energy reported earnings of $4.06 per share for the last quarter, which was below analysts' expectations of $4.91, while revenue exceeded estimates at $447.62 million.
• Analyst ratings for Gulfport Energy vary, with one "Strong Buy," five "Buy," two "Hold," and one "Sell," leading to a consensus rating of "Moderate Buy" and a price target of $217.00.

Wealth Enhancement Advisory Services LLC bought a new position in Gulfport Energy Corporation (NYSE:GPOR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,996 shares of the company's stock, valued at approximately $557,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in Gulfport Energy in the 1st quarter worth approximately $239,000. Pallas Capital Advisors LLC purchased a new stake in Gulfport Energy in the 2nd quarter worth approximately $263,000. Rhumbline Advisers lifted its position 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 buying an additional 248 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in Gulfport Energy by 337.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company's stock worth $12,412,000 after buying an additional 47,600 shares in the last quarter.

Gulfport Energy Trading Down 0.9%

NYSE:GPOR opened at $185.54 on Friday. Gulfport Energy Corporation has a 1 year low of $136.45 and a 1 year high of $210.32. The firm has a fifty day moving average price of $172.42. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of -25.84 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR - Get Free Report) last posted 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). Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%. The firm had revenue of $447.62 million during the quarter, compared to analyst estimates of $334.57 million.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GPOR shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Gulfport Energy in a research report on Saturday, September 27th. Mizuho cut their price target on shares of Gulfport Energy from $227.00 to $199.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. TD Cowen upgraded shares of Gulfport Energy to a "strong-buy" rating in a report on Monday, July 7th. William Blair assumed coverage on shares of Gulfport Energy in a report on Monday, August 25th. They set an "outperform" rating on the stock. Finally, Zacks Research downgraded shares of Gulfport Energy from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $217.00.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of the firm's stock in a transaction on 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 in the company, valued at $735,692.16. This trade represents a 12.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is owned by corporate insiders.

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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