Lighthouse Investment Partners LLC Acquires New Holdings in Gulfport Energy Corporation $GPOR

Lighthouse Investment Partners LLC acquired a new position in Gulfport Energy Corporation (NYSE:GPOR) in the third quarter, Holdings Channel reports. The fund acquired 75,000 shares of the company’s stock, valued at approximately $13,574,000.

Other hedge funds also recently bought and sold shares of the company. Jain Global LLC bought a new stake in Gulfport Energy during the 3rd quarter valued at $337,000. Gotham Asset Management LLC bought a new position in shares of Gulfport Energy in the 3rd quarter worth $3,069,000. CSM Advisors LLC purchased a new stake in shares of Gulfport Energy during the 3rd quarter worth $4,288,000. Alliancebernstein L.P. lifted its stake in shares of Gulfport Energy by 36.5% during the 3rd quarter. Alliancebernstein L.P. now owns 180,021 shares of the company’s stock worth $32,580,000 after purchasing an additional 48,095 shares during the last quarter. Finally, Creative Planning bought a new stake in Gulfport Energy during the third quarter valued at about $556,000.

Insider Activity

In related news, Director Silver Point Capital L.P. sold 759,740 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $204.22, for a total value of $155,154,102.80. Following the completion of the transaction, the director directly owned 2,690,145 shares of the company’s stock, valued at $549,381,411.90. This trade represents a 22.02% decrease in their position. The sale 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 stock was sold at an average price of $210.70, for a total transaction of $3,533,228.30. Following the completion of the sale, the chief financial officer owned 18,473 shares of the company’s stock, valued at $3,892,261.10. This trade represents a 47.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 893,835 shares of company stock valued at $182,476,994. 0.33% of the stock is owned by company insiders.

Gulfport Energy Stock Up 0.5%

Shares of GPOR stock opened at $197.05 on Monday. The stock’s fifty day moving average price is $196.21 and its 200 day moving average price is $194.28. Gulfport Energy Corporation has a 1-year low of $153.27 and a 1-year high of $225.78. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 9.69 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.68.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings upgraded Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. UBS Group raised their price target on shares of Gulfport Energy from $264.00 to $267.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Tudor Pickering downgraded shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Wolfe Research lowered shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Finally, Mizuho increased their target price 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 analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $227.44.

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.