First Trust Advisors LP reduced its stake in Gulfport Energy Corporation (NASDAQ:GPOR) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 259,655 shares of the oil and gas producer’s stock after selling 13,604 shares during the quarter. First Trust Advisors LP owned approximately 0.14% of Gulfport Energy Corporation worth $3,723,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System raised its holdings in Gulfport Energy Corporation by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 67,100 shares of the oil and gas producer’s stock worth $990,000 after purchasing an additional 1,000 shares during the period. Tocqueville Asset Management L.P. raised its holdings in Gulfport Energy Corporation by 65.6% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 25,750 shares of the oil and gas producer’s stock worth $380,000 after purchasing an additional 10,200 shares during the period. Dimensional Fund Advisors LP raised its holdings in Gulfport Energy Corporation by 122.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock worth $48,092,000 after purchasing an additional 1,794,132 shares during the period. FMR LLC raised its holdings in Gulfport Energy Corporation by 30.1% in the 1st quarter. FMR LLC now owns 342,506 shares of the oil and gas producer’s stock worth $5,888,000 after purchasing an additional 79,224 shares during the period. Finally, Swiss National Bank raised its holdings in Gulfport Energy Corporation by 3.3% in the 2nd quarter. Swiss National Bank now owns 264,558 shares of the oil and gas producer’s stock worth $3,902,000 after purchasing an additional 8,500 shares during the period. 84.80% of the stock is currently owned by institutional investors.

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A number of brokerages recently commented on GPOR. Zacks Investment Research cut Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub cut Gulfport Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Piper Jaffray Companies decreased their target price on Gulfport Energy Corporation from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Scotiabank reaffirmed a “buy” rating and issued a $23.00 target price on shares of Gulfport Energy Corporation in a report on Monday, October 9th. Finally, Mizuho reaffirmed a “buy” rating and issued a $23.00 target price on shares of Gulfport Energy Corporation in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $22.83.

Gulfport Energy Corporation (NASDAQ GPOR) opened at $13.29 on Friday. The company has a market capitalization of $2,433.16, a PE ratio of 10.15, a P/E/G ratio of 0.32 and a beta of 0.69. Gulfport Energy Corporation has a 12-month low of $10.90 and a 12-month high of $29.92. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). The company had revenue of $265.50 million during the quarter, compared to analysts’ expectations of $302.33 million. Gulfport Energy Corporation had a return on equity of 7.99% and a net margin of 3.88%. The company’s revenue was up 37.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. analysts expect that Gulfport Energy Corporation will post 1.37 EPS for the current 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.

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

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