GW&K Investment Management LLC Raises Stock Holdings in Gulfport Energy Corporation $GPOR

GW&K Investment Management LLC lifted its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 124,304 shares of the company’s stock after acquiring an additional 10,113 shares during the period. GW&K Investment Management LLC’s holdings in Gulfport Energy were worth $25,855,000 as of its most recent filing with the Securities and Exchange Commission.

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

Gulfport Energy Stock Performance

NYSE:GPOR opened at $167.20 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56. The business has a fifty day simple moving average of $185.72 and a two-hundred day simple moving average of $196.32. Gulfport Energy Corporation has a 1 year low of $160.95 and a 1 year high of $225.78. The company has a market capitalization of $3.00 billion, a P/E ratio of 5.71 and a beta of 0.41.

Insider Transactions at Gulfport Energy

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on GPOR shares. UBS Group decreased their price target on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Bank of America increased their price target on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gulfport Energy in a research report on Friday, May 29th. JPMorgan Chase & Co. increased their price target on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Finally, Wall Street Zen downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $230.22.

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.