Gulfport Energy Corp. (NASDAQ:GPOR) shares fell 2.9% during mid-day trading on Wednesday . The stock traded as low as $25.70 and last traded at $25.73, with a volume of 2,094,134 shares changing hands. The stock had previously closed at $26.49.

GPOR has been the subject of a number of recent analyst reports. Credit Suisse Group AG reissued a “buy” rating on shares of Gulfport Energy Corp. in a research report on Sunday, May 8th. KLR Group downgraded shares of Gulfport Energy Corp. from a “buy” rating to an “accumulate” rating and set a $34.00 target price for the company. in a research report on Monday, June 13th. Deutsche Bank AG downgraded shares of Gulfport Energy Corp. from a “buy” rating to a “hold” rating and decreased their target price for the company from $37.00 to $33.00 in a research report on Monday, June 13th. Barclays PLC increased their target price on shares of Gulfport Energy Corp. from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. Finally, Morgan Stanley reissued a “hold” rating and set a $40.00 target price on shares of Gulfport Energy Corp. in a research report on Friday, August 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $37.33.

The stock’s market capitalization is $3.22 billion. The firm has a 50 day moving average of $29.09 and a 200 day moving average of $29.05.

Gulfport Energy Corp. (NASDAQ:GPOR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.11. On average, equities research analysts forecast that Gulfport Energy Corp. will post $0.62 earnings per share for the current year.

In other news, VP Stuart Maier sold 10,000 shares of the company’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $33.35, for a total transaction of $333,500.00. Following the transaction, the vice president now directly owns 20,366 shares of the company’s stock, valued at $679,206.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael G. Moore sold 20,000 shares of the company’s stock in a transaction 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 directly owns 226,175 shares in the company, valued at $7,452,466.25. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have made changes to their positions in GPOR. Bank of Montreal Can increased its position in Gulfport Energy Corp. by 431.6% in the fourth quarter. Bank of Montreal Can now owns 45,480 shares of the company’s stock worth $1,118,000 after buying an additional 36,925 shares in the last quarter. I.G. Investment Management LTD. increased its position in 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 worth $1,910,000 after buying an additional 545 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Gulfport Energy Corp. by 79.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 131,001 shares of the company’s stock worth $3,219,000 after buying an additional 58,094 shares in the last quarter. California Public Employees Retirement System increased its position in Gulfport Energy Corp. by 7.0% in the fourth quarter. California Public Employees Retirement System now owns 142,900 shares of the company’s stock worth $3,511,000 after buying an additional 9,300 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gulfport Energy Corp. during the fourth quarter worth $7,946,000.

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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