Barings LLC Increases Stake in Gulfport Energy Corporation (GPOR)

Barings LLC grew its position in Gulfport Energy Corporation (NASDAQ:GPOR) by 32.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,850 shares of the oil and gas producer’s stock after purchasing an additional 24,100 shares during the period. Barings LLC owned approximately 0.05% of Gulfport Energy worth $1,403,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Utah Retirement Systems boosted its stake in shares of Gulfport Energy by 0.3% in the second quarter. Utah Retirement Systems now owns 29,100 shares of the oil and gas producer’s stock worth $429,000 after buying an additional 100 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Gulfport Energy by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after buying an additional 520 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Gulfport Energy by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 712 shares during the last quarter. Comerica Bank boosted its stake in shares of Gulfport Energy by 0.3% in the second quarter. Comerica Bank now owns 209,326 shares of the oil and gas producer’s stock worth $2,698,000 after buying an additional 720 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Gulfport Energy by 3.7% in the second quarter. PNC Financial Services Group Inc. now owns 21,982 shares of the oil and gas producer’s stock worth $323,000 after buying an additional 786 shares during the last quarter. 86.95% of the stock is currently owned by institutional investors and hedge funds.

Gulfport Energy Corporation (GPOR) opened at $13.15 on Friday. The firm has a market capitalization of $2,343.45, a P/E ratio of 9.77, a PEG ratio of 0.31 and a beta of 0.69. Gulfport Energy Corporation has a 1 year low of $10.90 and a 1 year high of $29.92. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57.

Gulfport Energy (NASDAQ:GPOR) last released its earnings results 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). The firm had revenue of $265.50 million during the quarter, compared to analysts’ expectations of $302.33 million. Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The business’s revenue was up 37.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS. sell-side analysts expect that Gulfport Energy Corporation will post 1.38 EPS for the current year.

A number of analysts have recently commented on GPOR shares. Williams Capital set a $21.00 target price on Gulfport Energy and gave the stock a “buy” rating in a research note on Wednesday, August 9th. BidaskClub upgraded Gulfport Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Stifel Nicolaus lowered their target price on Gulfport Energy from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. Piper Jaffray Companies restated an “overweight” rating and issued a $21.00 target price (down previously from $22.00) on shares of Gulfport Energy in a research note on Tuesday, August 22nd. Finally, Jefferies Group set a $20.00 target price on Gulfport Energy and gave the stock a “buy” rating in a research note on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $22.26.

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Gulfport Energy 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.

Institutional Ownership by Quarter for Gulfport Energy (NASDAQ:GPOR)

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