Global Alpha Capital Management Ltd. Increases Stock Position in Gulfport Energy Corporation $GPOR

Global Alpha Capital Management Ltd. lifted its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR) by 18.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,991 shares of the company’s stock after buying an additional 29,631 shares during the quarter. Gulfport Energy comprises 2.4% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 14th biggest position. Global Alpha Capital Management Ltd. owned about 0.99% of Gulfport Energy worth $39,932,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GPOR. Advisory Services Network LLC purchased a new stake in shares of Gulfport Energy during the 3rd quarter valued at approximately $28,000. Allworth Financial LP lifted its stake in shares of Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after buying an additional 85 shares in the last quarter. Federated Hermes Inc. lifted its stake in Gulfport Energy by 133.7% in the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after purchasing an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Gulfport Energy in the 3rd quarter worth approximately $148,000.

Analyst Ratings Changes

Several analysts have issued reports on GPOR shares. Bank of America increased their target price on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Wall Street Zen cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. Finally, Truist Financial lowered their target price on shares of Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $230.22.

Insider Activity at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total value of $85,360.00. Following the transaction, the director owned 3,888 shares of the company’s stock, valued at $829,699.20. This represents a 9.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by insiders.

Gulfport Energy Price Performance

Shares of NYSE:GPOR opened at $168.27 on Friday. The company’s fifty day moving average price is $188.62 and its 200-day moving average price is $197.29. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 5.75 and a beta of 0.41. Gulfport Energy Corporation has a one year low of $160.95 and a one year high of $225.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56.

About Gulfport Energy

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.