California State Teachers Retirement System cut its holdings in Gulfport Energy Corporation (NASDAQ:GPOR) by 10.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,519 shares of the oil and gas producer’s stock after selling 33,003 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Gulfport Energy Corporation worth $4,315,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Janus Henderson Group PLC acquired a new position in Gulfport Energy Corporation in the second quarter worth about $77,784,000. Dimensional Fund Advisors LP boosted its stake in Gulfport Energy Corporation by 122.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock valued at $48,092,000 after acquiring an additional 1,794,132 shares during the last quarter. State Street Corp boosted its position in shares of Gulfport Energy Corporation by 27.4% during 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 purchasing an additional 1,389,369 shares in the last quarter. Kingdon Capital Management L.L.C. acquired a new stake in shares of Gulfport Energy Corporation during the second quarter worth $15,934,000. Finally, Oslo Asset Management AS acquired a new stake in Gulfport Energy Corporation in the 2nd quarter valued at $13,220,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.
Shares of Gulfport Energy Corporation (GPOR) opened at $13.33 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.63. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 0.31 and a beta of 0.69.
Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). Gulfport Energy Corporation had a net margin of 3.88% and a return on equity of 7.99%. The firm had revenue of $265.50 million during the quarter, compared to analysts’ expectations of $302.33 million. During the same period in the previous year, the business earned $0.16 earnings per share. The business’s revenue for the quarter was up 37.1% on a year-over-year basis. research analysts anticipate that Gulfport Energy Corporation will post 1.4 earnings per share for the current fiscal year.
Several research firms have recently weighed in on GPOR. Zacks Investment Research upgraded shares of Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday, July 12th. Williams Capital set a $21.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a report on Wednesday, August 9th. Jefferies Group LLC set a $20.00 price objective on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. Stifel Nicolaus cut their price objective on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating for the company in a report on Monday, August 14th. Finally, KeyCorp reissued a “buy” rating and issued a $18.00 price objective on shares of Gulfport Energy Corporation in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $22.83.
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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