BW Gestao de Investimentos Ltda. Invests $780,000 in Gulfport Energy Corporation $GPOR

BW Gestao de Investimentos Ltda. purchased a new stake in shares of Gulfport Energy Corporation (NYSE:GPOR) during the third quarter, Holdings Channel reports. The firm purchased 4,311 shares of the company’s stock, valued at approximately $780,000.

Several other institutional investors have also recently modified their holdings of GPOR. Coastal Bridge Advisors LLC bought a new stake in shares of Gulfport Energy in the 3rd quarter worth approximately $1,837,000. Stephens Investment Management Group LLC raised its position in Gulfport Energy by 29.0% in the 3rd quarter. Stephens Investment Management Group LLC now owns 48,001 shares of the company’s stock worth $8,687,000 after purchasing an additional 10,786 shares during the period. Victory Capital Management Inc. lifted its stake in Gulfport Energy by 67.9% in the third quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock worth $63,525,000 after purchasing an additional 142,002 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Gulfport Energy during the second quarter valued at about $1,367,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Gulfport Energy by 45.5% during the third quarter. Assenagon Asset Management S.A. now owns 62,221 shares of the company’s stock valued at $11,261,000 after buying an additional 19,458 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GPOR. KeyCorp increased their target price on Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Tudor Pickering lowered Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Zacks Research raised shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Weiss Ratings raised shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. Finally, Mizuho boosted their price objective on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.44.

Gulfport Energy Stock Performance

Shares of GPOR stock opened at $196.89 on Tuesday. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 9.68 and a beta of 0.61. The stock has a fifty day moving average of $197.32 and a 200 day moving average of $193.60. Gulfport Energy Corporation has a 52 week low of $153.27 and a 52 week high of $225.78. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Gulfport Energy (NYSE:GPOR) last announced its earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). Gulfport Energy had a net margin of 30.01% and a return on equity of 21.85%. The company had revenue of $398.19 million for the quarter, compared to the consensus estimate of $373.24 million.

Insider Buying and Selling at Gulfport Energy

In other news, Director Timothy J. Cutt sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $208.73, for a total value of $1,043,650.00. Following the completion of the transaction, the director owned 26,255 shares in the company, valued at $5,480,206.15. This trade represents a 16.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael L. Hodges sold 16,769 shares of Gulfport Energy stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $210.70, for a total value of $3,533,228.30. Following the sale, the chief financial officer owned 18,473 shares in the company, valued at $3,892,261.10. This represents a 47.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 893,835 shares of company stock worth $182,476,994. Insiders own 0.33% of the company’s stock.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.