Castleton Investment Management LLC Buys 170,000 Shares of Gulfport Energy Corporation (GPOR)

Castleton Investment Management LLC boosted its stake in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 170.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 270,000 shares of the oil and gas producer’s stock after acquiring an additional 170,000 shares during the quarter. Gulfport Energy accounts for 1.4% of Castleton Investment Management LLC’s holdings, making the stock its 19th largest position. Castleton Investment Management LLC owned approximately 0.15% of Gulfport Energy worth $3,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Utah Retirement Systems raised its position in Gulfport Energy by 0.3% during the second quarter. Utah Retirement Systems now owns 29,100 shares of the oil and gas producer’s stock valued at $429,000 after acquiring an additional 100 shares in the last quarter. Teacher Retirement System of Texas increased its position 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 valued at $190,000 after buying an additional 520 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 valued at $100,000 after buying an additional 712 shares in the last quarter. Comerica Bank increased its position 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 valued at $2,698,000 after buying an additional 720 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position 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 valued at $323,000 after buying an additional 786 shares in the last quarter. Institutional investors own 86.93% of the company’s stock.

In related news, Director Paul D. Westerman acquired 10,000 shares of the stock in a transaction on Thursday, November 30th. The shares were bought at an average price of $12.75 per share, with a total value of $127,500.00. Following the completion of the purchase, the director now owns 15,488 shares of the company’s stock, valued at approximately $197,472. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

A number of analysts have recently commented on GPOR shares. Zacks Investment Research upgraded Gulfport Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, October 4th. Mizuho restated a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy in a research report on Wednesday, October 4th. KeyCorp restated a “buy” rating and issued a $18.00 price objective on shares of Gulfport Energy in a research report on Tuesday, September 19th. Jefferies Group set a $20.00 price objective on Gulfport Energy and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Stifel Nicolaus cut their price objective on Gulfport Energy from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Gulfport Energy has an average rating of “Buy” and a consensus price target of $22.26.

Gulfport Energy Corporation (NASDAQ:GPOR) opened at $12.65 on Wednesday. The firm has a market capitalization of $2,340.00, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 0.32 and a beta of 0.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. Gulfport Energy Corporation has a 12 month low of $10.90 and a 12 month high of $29.92.

Gulfport Energy (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 Zacks’ consensus estimate of $0.35 by ($0.03). The company had revenue of $265.50 million for the quarter, compared to analyst estimates of $302.33 million. Gulfport Energy had a return on equity of 7.99% and a net margin of 3.88%. The business’s quarterly revenue was up 37.1% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. equities analysts forecast that Gulfport Energy Corporation will post 1.38 EPS for the current fiscal year.

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

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