Balyasny Asset Management LLC purchased a new position in shares of Gulfport Energy Corporation (NASDAQ:GPOR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 203,673 shares of the oil and gas producer’s stock, valued at approximately $3,004,000. Balyasny Asset Management LLC owned 0.11% of Gulfport Energy Corporation at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Gulfport Energy Corporation by 13,258.8% during the 1st quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock worth $388,348,000 after purchasing an additional 22,422,387 shares during the period. Vanguard Group Inc. grew its holdings in shares of Gulfport Energy Corporation by 6.3% during the 2nd quarter. Vanguard Group Inc. now owns 13,274,246 shares of the oil and gas producer’s stock worth $195,796,000 after purchasing an additional 786,991 shares during the period. Boston Partners grew its holdings in shares of Gulfport Energy Corporation by 3.8% during the 2nd quarter. Boston Partners now owns 12,524,347 shares of the oil and gas producer’s stock worth $184,734,000 after purchasing an additional 460,406 shares during the period. State Street Corp grew its holdings in shares of Gulfport Energy Corporation by 27.4% during the 1st quarter. State Street Corp now owns 6,463,912 shares of the oil and gas producer’s stock worth $111,114,000 after purchasing an additional 1,389,369 shares during the period. Finally, UBS Oconnor LLC grew its holdings in shares of Gulfport Energy Corporation by 19.3% during the 1st quarter. UBS Oconnor LLC now owns 4,095,679 shares of the oil and gas producer’s stock worth $70,405,000 after purchasing an additional 661,485 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.
A number of equities analysts have recently weighed in on GPOR shares. Zacks Investment Research upgraded Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, October 4th. Piper Jaffray Companies reiterated an “overweight” rating and set a $21.00 price target (down from $22.00) on shares of Gulfport Energy Corporation in a report on Tuesday, August 22nd. BidaskClub upgraded Gulfport Energy Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Williams Capital set a $21.00 price target on Gulfport Energy Corporation and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, Imperial Capital started coverage on Gulfport Energy Corporation in a report on Tuesday, September 19th. They set an “outperform” rating and a $19.00 price target for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $23.82.
Shares of Gulfport Energy Corporation (NASDAQ GPOR) opened at 14.75 on Wednesday. Gulfport Energy Corporation has a 12 month low of $10.90 and a 12 month high of $30.47. The firm’s market cap is $2.70 billion. The stock’s 50 day moving average price is $13.41 and its 200 day moving average price is $14.27.
Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $323.90 million for the quarter, compared to analysts’ expectations of $279.59 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company’s revenue was up 1052.7% compared to the same quarter last year. Equities research analysts predict that Gulfport Energy Corporation will post $1.40 earnings per share for the current fiscal year.
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About Gulfport Energy Corporation
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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