28,108 Shares in Gulfport Energy Corporation $GPOR Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in Gulfport Energy Corporation (NYSE:GPOR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,108 shares of the company’s stock, valued at approximately $5,947,000.

A number of other hedge funds have also recently added to or reduced their stakes in GPOR. Advisory Services Network LLC bought a new position in shares of Gulfport Energy in the 3rd quarter worth about $28,000. Allworth Financial LP grew its position 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 during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Gulfport Energy in the fourth quarter valued at approximately $54,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Gulfport Energy by 866.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock valued at $84,000 after purchasing an additional 364 shares during the last quarter.

Gulfport Energy Stock Performance

Shares of GPOR opened at $168.75 on Friday. The firm has a market capitalization of $3.03 billion, a PE ratio of 5.77 and a beta of 0.41. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $173.68 and a 200 day moving average price of $190.58. Gulfport Energy Corporation has a 52-week low of $158.91 and a 52-week high of $225.78.

Analysts Set New Price Targets

GPOR has been the topic of a number of research reports. Bank of America increased their price target on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. boosted their price objective on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Weiss Ratings cut Gulfport Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. 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. Finally, Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.