Shares of Gulfport Energy Corp. (NASDAQ:GPOR) traded down 5.5% on Tuesday . The stock traded as low as $29.77 and last traded at $29.91, with a volume of 899,470 shares trading hands. The stock had previously closed at $31.66.

Several analysts recently weighed in on the stock. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Gulfport Energy Corp. in a report on Wednesday. Zacks Investment Research raised shares of Gulfport Energy Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, June 28th. Wunderlich raised their price objective on shares of Gulfport Energy Corp. from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, June 27th. Deutsche Bank AG cut shares of Gulfport Energy Corp. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $37.00 to $33.00 in a report on Monday, June 13th. Finally, KLR Group cut shares of Gulfport Energy Corp. from a “buy” rating to an “accumulate” rating and set a $34.00 price objective on the stock. in a report on Monday, June 13th. Eight equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $38.38.

The company’s market capitalization is $3.85 billion. The company’s 50-day moving average price is $31.44 and its 200-day moving average price is $28.15.

Gulfport Energy Corp. (NASDAQ:GPOR) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.05. The business earned $156.96 million during the quarter, compared to the consensus estimate of $161.76 million. The company’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. On average, analysts forecast that Gulfport Energy Corp. will post $0.33 earnings per share for the current year.

In related news, CEO Michael G. Moore sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $32.95, for a total transaction of $659,000.00. Following the completion of the transaction, the chief executive officer now owns 226,175 shares of the company’s stock, valued at $7,452,466.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Keri Crowell sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the transaction, the chief accounting officer now directly owns 34,092 shares of the company’s stock, valued at approximately $1,022,760. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its position in shares of Gulfport Energy Corp. by 79.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 131,001 shares of the company’s stock valued at $3,219,000 after buying an additional 58,094 shares in the last quarter. I.G. Investment Management LTD. boosted its position in shares of Gulfport Energy Corp. by 0.7% in the fourth quarter. I.G. Investment Management LTD. now owns 77,720 shares of the company’s stock valued at $1,910,000 after buying an additional 545 shares in the last quarter. Systematic Financial Management LP boosted its position in shares of Gulfport Energy Corp. by 16.5% in the fourth quarter. Systematic Financial Management LP now owns 434,682 shares of the company’s stock valued at $10,680,000 after buying an additional 61,471 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Gulfport Energy Corp. by 997.6% in the fourth quarter. Marshall Wace LLP now owns 390,960 shares of the company’s stock valued at $9,606,000 after buying an additional 355,341 shares in the last quarter. Finally, UBS Oconnor LLC purchased a new position in shares of Gulfport Energy Corp. during the fourth quarter valued at $3,705,000.

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects.

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