Foster & Motley Inc. Acquires New Shares in Gulfport Energy Corporation $GPOR

Foster & Motley Inc. bought a new position in Gulfport Energy Corporation (NYSE:GPOR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,559 shares of the company’s stock, valued at approximately $604,000.

A number of other institutional investors have also made changes to their positions in GPOR. Advisory Services Network LLC bought a new position in Gulfport Energy in the 3rd quarter worth approximately $28,000. Allworth Financial LP grew its stake in shares of Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $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% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 197 shares during the period. Kestra Advisory Services LLC bought a new position in Gulfport Energy during the fourth quarter worth $54,000. Finally, Caitong International Asset Management Co. Ltd raised its stake 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 valued at $84,000 after purchasing an additional 364 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GPOR. Zacks Research downgraded shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Truist Financial decreased their target price on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $251.00 to $252.00 in a research note on Wednesday, May 27th. UBS Group cut their price target on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Finally, Weiss Ratings downgraded Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $223.11.

Gulfport Energy Stock Performance

NYSE:GPOR opened at $172.90 on Thursday. The firm has a 50 day moving average of $161.54 and a 200-day moving average of $182.50. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. Gulfport Energy Corporation has a 1 year low of $149.18 and a 1 year high of $225.78. The stock has a market capitalization of $3.06 billion, a P/E ratio of 6.92 and a beta of 0.41.

Insider Activity

In other Gulfport Energy news, CEO Domenic J. Dell’osso, Jr. purchased 1,600 shares of the stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $160.61 per share, for a total transaction of $256,976.00. Following the transaction, the chief executive officer directly owned 24,349 shares in the company, valued at $3,910,692.89. This represents a 7.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.

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.