First Trust Advisors LP Purchases 33,618 Shares of Gulfport Energy Corporation $GPOR

First Trust Advisors LP grew its position in Gulfport Energy Corporation (NYSE:GPOR) by 74.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 78,951 shares of the company’s stock after buying an additional 33,618 shares during the period. First Trust Advisors LP’s holdings in Gulfport Energy were worth $16,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GPOR. Advisory Services Network LLC bought a new stake in shares of Gulfport Energy during the third quarter worth $28,000. Allworth Financial LP boosted its holdings in Gulfport Energy by 113.3% in 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. EverSource Wealth Advisors LLC increased its position in Gulfport Energy by 364.8% in the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares during the period. Kestra Advisory Services LLC acquired a new stake in Gulfport Energy in the fourth quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Gulfport Energy by 866.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock worth $84,000 after purchasing an additional 364 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GPOR. Weiss Ratings downgraded shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. UBS Group lowered their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. Zacks Research downgraded shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Truist Financial cut their price objective on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating on the stock in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $227.00.

Gulfport Energy Stock Up 2.1%

Shares of Gulfport Energy stock opened at $156.62 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. Gulfport Energy Corporation has a 12 month low of $149.18 and a 12 month high of $225.78. The business has a fifty day simple moving average of $163.31 and a 200 day simple moving average of $184.79. The stock has a market cap of $2.81 billion, a PE ratio of 5.35 and a beta of 0.41.

Gulfport Energy 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.