Virtu Financial LLC decreased its position in shares of Gulfport Energy Co. (NASDAQ:GPOR) by 74.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 18,666 shares of the oil and gas producer’s stock after selling 54,210 shares during the quarter. Virtu Financial LLC’s holdings in Gulfport Energy were worth $150,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. First Hawaiian Bank bought a new stake in Gulfport Energy in the fourth quarter worth $45,000. Oregon Public Employees Retirement Fund boosted its holdings in Gulfport Energy by 502.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 392,836 shares of the oil and gas producer’s stock worth $60,000 after acquiring an additional 327,650 shares in the last quarter. CWM Advisors LLC bought a new stake in Gulfport Energy in the fourth quarter worth $67,000. OLD Mission Capital LLC bought a new stake in Gulfport Energy in the fourth quarter worth $69,000. Finally, Quantamental Technologies LLC bought a new stake in Gulfport Energy in the fourth quarter worth $86,000. Institutional investors own 97.60% of the company’s stock.
In other Gulfport Energy news, CEO David M. Wood acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average price of $8.06 per share, with a total value of $80,600.00. Following the completion of the purchase, the chief executive officer now directly owns 360,610 shares in the company, valued at approximately $2,906,516.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company’s stock.
Several research analysts have recently weighed in on the company. Imperial Capital restated an “outperform” rating and issued a $14.00 price target (down previously from $17.00) on shares of Gulfport Energy in a research note on Tuesday, January 22nd. BidaskClub cut Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Guggenheim cut Gulfport Energy from a “buy” rating to a “neutral” rating and set a $8.43 price target for the company. in a research note on Tuesday, January 29th. Morgan Stanley set a $7.00 price objective on Gulfport Energy and gave the company a “sell” rating in a research report on Tuesday, January 29th. Finally, TheStreet cut Gulfport Energy from a “c” rating to a “d+” rating in a research report on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. Gulfport Energy presently has an average rating of “Hold” and an average target price of $11.68.
NASDAQ:GPOR traded down $0.28 during mid-day trading on Wednesday, hitting $6.54. 1,832,386 shares of the company traded hands, compared to its average volume of 3,588,032. The firm has a market capitalization of $1.07 billion, a PE ratio of 3.57, a P/E/G ratio of 0.42 and a beta of 0.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.34 and a current ratio of 0.34. Gulfport Energy Co. has a one year low of $6.18 and a one year high of $13.41.
Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $320.58 million during the quarter, compared to analyst estimates of $313.11 million. Gulfport Energy had a return on equity of 8.28% and a net margin of 29.83%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. Equities analysts forecast that Gulfport Energy Co. will post 1.16 earnings per share for the current fiscal year.
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About Gulfport Energy
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.
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