Nuveen Asset Management LLC decreased its position in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 6.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,294 shares of the oil and gas producer’s stock after selling 3,241 shares during the period. Nuveen Asset Management LLC’s holdings in Gulfport Energy Corporation were worth $847,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in GPOR. BlackRock Inc. increased its position in shares of Gulfport Energy Corporation by 13,258.8% in the first quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock worth $388,348,000 after buying an additional 22,422,387 shares during the period. Snow Capital Management LP bought a new position in shares of Gulfport Energy Corporation during the first quarter worth about $54,535,000. Point72 Asset Management L.P. bought a new position in shares of Gulfport Energy Corporation during the first quarter worth about $41,689,000. State Street Corp increased its position in shares of Gulfport Energy Corporation by 27.4% in the first quarter. State Street Corp now owns 6,463,912 shares of the oil and gas producer’s stock worth $111,114,000 after buying an additional 1,389,369 shares during the period. Finally, Norges Bank bought a new position in shares of Gulfport Energy Corporation during the fourth quarter worth about $25,441,000. Institutional investors own 88.47% of the company’s stock.
Shares of Gulfport Energy Corporation (GPOR) opened at 11.90 on Friday. Gulfport Energy Corporation has a 12-month low of $10.90 and a 12-month high of $30.47. The stock’s market cap is $2.18 billion. The company’s 50-day moving average price is $13.35 and its 200 day moving average price is $15.97.
Gulfport Energy Corporation (NASDAQ:GPOR) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The firm had revenue of $323.90 million for the quarter, compared to the consensus estimate of $279.59 million. During the same quarter last year, the business posted $0.24 earnings per share. The firm’s revenue was up 1052.7% compared to the same quarter last year. On average, equities analysts predict that Gulfport Energy Corporation will post $1.34 earnings per share for the current year.
A number of research analysts recently issued reports on GPOR shares. Zacks Investment Research upgraded Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, July 12th. Scotiabank set a $29.00 price objective on Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Monday, May 8th. Barclays PLC reiterated an “overweight” rating and set a $28.00 price objective (down from $30.00) on shares of Gulfport Energy Corporation in a research note on Saturday, April 22nd. BidaskClub upgraded Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, J P Morgan Chase & Co cut Gulfport Energy Corporation from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $22.00 to $17.00 in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $25.91.
Gulfport Energy Corporation Company Profile
Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.
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