Suntrust Banks Inc. boosted its stake in Gulfport Energy Corp. (NASDAQ:GPOR) by 39.9% during the third quarter, Holdings Channel reports. The institutional investor owned 23,956 shares of the company’s stock after buying an additional 6,832 shares during the period. Suntrust Banks Inc.’s holdings in Gulfport Energy Corp. were worth $676,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of GPOR. Tower Research Capital LLC TRC boosted its stake in shares of Gulfport Energy Corp. by 816.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,611 shares of the company’s stock valued at $102,000 after buying an additional 3,217 shares in the last quarter. IndexIQ Advisors LLC boosted its stake in shares of Gulfport Energy Corp. by 5.9% in the third quarter. IndexIQ Advisors LLC now owns 5,190 shares of the company’s stock valued at $147,000 after buying an additional 289 shares in the last quarter. Dreman Value Management L L C purchased a new stake in shares of Gulfport Energy Corp. during the third quarter valued at $161,000. OLD National Bancorp IN purchased a new stake in shares of Gulfport Energy Corp. during the third quarter valued at $202,000. Finally, Genesee Valley Trust Co. purchased a new stake in shares of Gulfport Energy Corp. during the second quarter valued at $209,000. Institutional investors and hedge funds own 82.45% of the company’s stock.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) traded up 2.03% during trading on Thursday, reaching $21.57. The company had a trading volume of 2,908,515 shares. The firm’s 50 day moving average price is $23.53 and its 200 day moving average price is $26.55. The firm’s market capitalization is $2.71 billion. Gulfport Energy Corp. has a 12 month low of $20.24 and a 12 month high of $34.67.
Gulfport Energy Corp. (NASDAQ:GPOR) last released its earnings results on Wednesday, November 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The business had revenue of $193.70 million for the quarter, compared to analyst estimates of $170.57 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The business’s revenue for the quarter was down 16.0% on a year-over-year basis. Equities analysts predict that Gulfport Energy Corp. will post $0.74 EPS for the current year.
Several equities research analysts have weighed in on GPOR shares. Credit Suisse Group AG lowered their target price on Gulfport Energy Corp. to $33.00 in a report on Friday, December 23rd. Goldman Sachs Group Inc. upgraded Gulfport Energy Corp. to a “buy” rating and set a $35.00 target price for the company in a report on Monday, October 24th. Jefferies Group reiterated a “buy” rating and issued a $35.00 target price on shares of Gulfport Energy Corp. in a report on Wednesday, October 19th. Zacks Investment Research upgraded Gulfport Energy Corp. from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday, October 11th. Finally, Vetr cut Gulfport Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $30.00 price objective for the company. in a research note on Thursday, October 6th. Nine analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Gulfport Energy Corp. presently has an average rating of “Buy” and an average target price of $32.96.
Gulfport Energy Corp. Company Profile
Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects.
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