Emerald Advisers Inc. PA Acquires 2,580 Shares of Gulfport Energy Corp. (GPOR)
Emerald Advisers Inc. PA boosted its position in Gulfport Energy Corp. (NASDAQ:GPOR) by 30.5% during the second quarter, Holdings Channel reports. The firm owned 11,037 shares of the company’s stock after buying an additional 2,580 shares during the period. Emerald Advisers Inc. PA’s holdings in Gulfport Energy Corp. were worth $345,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Gulfport Energy Corp. by 31.0% in the second quarter. American Century Companies Inc. now owns 1,000,804 shares of the company’s stock worth $31,285,000 after buying an additional 236,996 shares during the period. Retirement Systems of Alabama increased its stake in Gulfport Energy Corp. by 30.8% in the second quarter. Retirement Systems of Alabama now owns 466,184 shares of the company’s stock worth $14,573,000 after buying an additional 109,749 shares during the period. Genesee Valley Trust Co. purchased a new stake in Gulfport Energy Corp. during the second quarter worth approximately $209,000. Seven Bridges Advisors LLC purchased a new stake in Gulfport Energy Corp. during the second quarter worth approximately $221,000. Finally, Bank of Montreal Can purchased a new stake in Gulfport Energy Corp. during the second quarter worth approximately $1,708,000.
Gulfport Energy Corp. (NASDAQ:GPOR) traded down 1.1194% during trading on Wednesday, reaching $29.4862. The company’s stock had a trading volume of 1,364,903 shares. The firm has a 50-day moving average price of $28.35 and a 200-day moving average price of $29.34. The firm’s market capitalization is $3.70 billion. Gulfport Energy Corp. has a 52 week low of $20.21 and a 52 week high of $36.12.
Gulfport Energy Corp. (NASDAQ:GPOR) last announced its earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.11. Gulfport Energy Corp. had a negative net margin of 216.29% and a positive return on equity of 1.61%. On average, equities analysts anticipate that Gulfport Energy Corp. will post $0.65 EPS for the current fiscal year.
GPOR has been the subject of several recent research reports. Barclays PLC lifted their price target on Gulfport Energy Corp. from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. GMP Securities initiated coverage on Gulfport Energy Corp. in a research report on Wednesday, September 28th. They set a “hold” rating and a $24.00 price target for the company. KeyCorp reduced their price target on Gulfport Energy Corp. from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, August 22nd. Jefferies Group upgraded Gulfport Energy Corp. from an “underperform” rating to a “hold” rating in a research report on Friday, August 19th. Finally, Wells Fargo & Co. restated an “outperform” rating on shares of Gulfport Energy Corp. in a research report on Wednesday, July 6th. Nine research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $34.81.
Gulfport Energy Corp. Company Profile
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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