Van ECK Associates Corp reduced its position in Gulfport Energy Co. (NASDAQ:GPOR) by 45.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,731 shares of the oil and gas producer’s stock after selling 13,786 shares during the period. Van ECK Associates Corp’s holdings in Gulfport Energy were worth $110,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Hawaiian Bank bought a new stake in Gulfport Energy in the 4th quarter valued at about $45,000. Dupont Capital Management Corp bought a new stake in Gulfport Energy in the 3rd quarter valued at about $103,000. CWM Advisors LLC bought a new stake in Gulfport Energy in the 4th quarter valued at about $67,000. Quantamental Technologies LLC bought a new stake in Gulfport Energy in the 4th quarter valued at about $86,000. Finally, Zweig DiMenna Associates LLC bought a new stake in Gulfport Energy in the 4th quarter valued at about $90,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Shares of NASDAQ GPOR opened at $7.34 on Friday. Gulfport Energy Co. has a 12 month low of $6.18 and a 12 month high of $13.41. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.24 billion, a PE ratio of 4.01, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Wednesday, February 27th. The oil and gas producer reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.04). The business had revenue of $415.95 million for the quarter, compared to analysts’ expectations of $376.23 million. Gulfport Energy had a return on equity of 9.97% and a net margin of 31.77%. Gulfport Energy’s revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Gulfport Energy Co. will post 1.18 EPS for the current year.

Several equities research analysts have recently weighed in on GPOR shares. BidaskClub cut Gulfport Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. MKM Partners started coverage on Gulfport Energy in a research report on Wednesday, December 5th. They set a “neutral” rating and a $10.00 price target on the stock. JPMorgan Chase & Co. cut Gulfport Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $11.00 to $8.00 in a research report on Friday, December 7th. Morgan Stanley decreased their price target on Gulfport Energy from $8.00 to $7.00 and set a “sell” rating on the stock in a research report on Tuesday, November 20th. Finally, Williams Capital reiterated a “buy” rating and set a $14.00 price target on shares of Gulfport Energy in a research report on Friday, January 18th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Gulfport Energy has an average rating of “Hold” and a consensus price target of $11.91.

In related news, CEO David M. Wood acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average price of $8.06 per share, with a total value of $80,600.00. Following the completion of the purchase, the chief executive officer now owns 360,610 shares in the company, valued at approximately $2,906,516.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

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About Gulfport Energy

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

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

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