Shares of Gulfport Energy Corp. (NASDAQ:GPOR) were down 3.1% during trading on Wednesday . The company traded as low as $30.90 and last traded at $31.02, with a volume of 696,430 shares traded. The stock had previously closed at $32.02.

A number of analysts recently commented on GPOR shares. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Gulfport Energy Corp. in a research report on Wednesday, March 16th. Simmons reiterated an “overweight” rating and set a $40.00 price objective on shares of Gulfport Energy Corp. in a research report on Thursday, March 31st. Alembic Global Advisors cut Gulfport Energy Corp. from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 5th. Scotiabank reiterated a “sector outperform” rating and set a $34.00 price objective (up previously from $33.00) on shares of Gulfport Energy Corp. in a research report on Saturday, May 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $34.00 price objective on shares of Gulfport Energy Corp. in a research report on Friday, March 18th. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $38.35.

The stock’s market capitalization is $3.91 billion. The firm’s 50 day moving average price is $31.68 and its 200 day moving average price is $28.41.

Gulfport Energy Corp. (NASDAQ:GPOR) last issued its earnings results on Wednesday, May 4th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. During the same period in the previous year, the company earned ($0.08) earnings per share. The firm earned $156.96 million during the quarter, compared to analyst estimates of $161.76 million. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. Analysts predict that Gulfport Energy Corp. will post $0.34 earnings per share for the current fiscal year.

In other news, VP Steve Baldwin sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $32.00, for a total transaction of $320,000.00. Following the completion of the sale, the vice president now owns 22,200 shares in the company, valued at approximately $710,400. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael G. Moore sold 20,000 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $32.95, for a total value of $659,000.00. Following the sale, the chief executive officer now owns 226,175 shares of the company’s stock, valued at approximately $7,452,466.25. The disclosure for this sale can be found here.

Several hedge funds recently added to or reduced their stakes in GPOR. Jennison Associates increased its stake in Gulfport Energy Corp. by 1.2% in the third quarter. Jennison Associates now owns 1,344,518 shares of the company’s stock valued at $39,905,000 after buying an additional 15,671 shares during the period. Russell Frank Co increased its stake in shares of Gulfport Energy Corp. by 0.5% in the fourth quarter. Russell Frank Co now owns 228,958 shares of the company’s stock valued at $5,284,000 after buying an additional 1,250 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Gulfport Energy Corp. by 2.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 126,315 shares of the company’s stock valued at $3,104,000 after buying an additional 2,751 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Gulfport Energy Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 206,822 shares of the company’s stock valued at $5,082,000 after buying an additional 3,287 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Gulfport Energy Corp. by 0.6% in the fourth quarter. Swiss National Bank now owns 140,858 shares of the company’s stock valued at $3,461,000 after buying an additional 800 shares during the last quarter.

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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