Sterling Capital Management LLC purchased a new position in Gulfport Energy Corporation (NASDAQ:GPOR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 170,800 shares of the oil and gas producer’s stock, valued at approximately $2,519,000. Sterling Capital Management LLC owned 0.09% of Gulfport Energy Corporation at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Gulfport Energy Corporation by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after acquiring an additional 712 shares during the period. Riverhead Capital Management LLC raised its position in Gulfport Energy Corporation by 76.9% in the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after acquiring an additional 4,153 shares during the period. World Asset Management Inc bought a new position in Gulfport Energy Corporation in the second quarter worth approximately $150,000. LS Investment Advisors LLC raised its position in Gulfport Energy Corporation by 25.1% in the second quarter. LS Investment Advisors LLC now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after acquiring an additional 2,584 shares during the period. Finally, Teacher Retirement System of Texas raised its position in Gulfport Energy Corporation by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after acquiring an additional 520 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

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Several research analysts have weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Gulfport Energy Corporation in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, October 11th. Scotiabank reissued a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy Corporation in a research note on Monday, October 9th. Mizuho reissued a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy Corporation in a research note on Wednesday, October 4th. Finally, KeyCorp reissued a “buy” rating and issued a $18.00 price objective on shares of Gulfport Energy Corporation in a research note on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $23.73.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) traded down 0.07% during trading on Tuesday, hitting $14.17. 193,704 shares of the company’s stock were exchanged. The company’s market cap is $2.59 billion. Gulfport Energy Corporation has a 12-month low of $10.90 and a 12-month high of $30.37. The company has a 50-day moving average of $13.68 and a 200-day moving average of $14.22.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The firm had revenue of $323.90 million for the quarter, compared to the consensus estimate of $279.59 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The company’s quarterly revenue was up 1052.7% compared to the same quarter last year. On average, equities analysts expect that Gulfport Energy Corporation will post $1.40 earnings per share for the current fiscal year.

Gulfport Energy Corporation Company Profile

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

Institutional Ownership by Quarter for Gulfport Energy Corporation (NASDAQ:GPOR)

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