Gulfport Energy Corp. (NASDAQ:GPOR) shares saw an uptick in trading volume on Friday . 3,270,897 shares changed hands during mid-day trading, an increase of 64% from the previous session’s volume of 1,991,171 shares.The stock last traded at $30.47 and had previously closed at $31.51.

A number of research firms have recently weighed in on GPOR. Howard Weil increased their price objective on shares of Gulfport Energy Corp. from $33.00 to $34.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 6th. Credit Suisse Group AG restated a “buy” rating on shares of Gulfport Energy Corp. in a research report on Sunday, May 8th. Zacks Investment Research lowered shares of Gulfport Energy Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Royal Bank Of Canada restated an “outperform” rating and set a $34.00 price target on shares of Gulfport Energy Corp. in a research report on Friday, March 18th. Finally, Sterne Agee CRT restated a “buy” rating on shares of Gulfport Energy Corp. in a research report on Monday, May 16th. Eight analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $38.35.

The company has a 50-day moving average of $31.71 and a 200-day moving average of $28.43. The stock’s market capitalization is $3.81 billion.

Gulfport Energy Corp. (NASDAQ:GPOR) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.05. The company had revenue of $156.96 million for the quarter, compared to analysts’ expectations of $161.76 million. The company’s revenue was down 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.08) earnings per share. On average, equities analysts forecast that Gulfport Energy Corp. will post $0.36 earnings per share for the current fiscal year.

In related news, CEO Michael G. Moore sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $32.95, for a total value of $659,000.00. Following the transaction, the chief executive officer now owns 226,175 shares in the company, valued at $7,452,466.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Stuart Maier sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $33.35, for a total transaction of $333,500.00. Following the completion of the transaction, the vice president now owns 20,366 shares in the company, valued at approximately $679,206.10. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have bought and sold shares of the company. Standard Life Investments LTD raised its position in Gulfport Energy Corp. by 4.7% in the fourth quarter. Standard Life Investments LTD now owns 2,305,631 shares of the company’s stock valued at $56,673,000 after buying an additional 103,183 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Gulfport Energy Corp. by 58.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 114,818 shares of the company’s stock valued at $2,821,000 after buying an additional 42,414 shares during the last quarter. Boston Partners raised its position in Gulfport Energy Corp. by 152.1% in the fourth quarter. Boston Partners now owns 378,480 shares of the company’s stock valued at $9,299,000 after buying an additional 228,320 shares during the last quarter. New York State Common Retirement Fund raised its position in Gulfport Energy Corp. by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 306,310 shares of the company’s stock valued at $7,526,000 after buying an additional 4,300 shares during the last quarter. Finally, Comerica Bank raised its position in Gulfport Energy Corp. by 1.4% in the fourth quarter. Comerica Bank now owns 80,971 shares of the company’s stock valued at $1,940,000 after buying an additional 1,104 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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