Gulfport Energy Corp. (NASDAQ:GPOR) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 10,122,954 shares, an increase of 60.1% from the August 31st total of 6,323,909 shares. Based on an average daily trading volume, of 2,971,143 shares, the short-interest ratio is currently 3.4 days. Approximately 8.1% of the shares of the stock are short sold.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Texas Permanent School Fund boosted its position in shares of Gulfport Energy Corp. by 9.8% in the first quarter. Texas Permanent School Fund now owns 98,366 shares of the company’s stock worth $2,788,000 after buying an additional 8,812 shares during the period. Aperio Group LLC boosted its stake in Gulfport Energy Corp. by 47.9% in the first quarter. Aperio Group LLC now owns 33,765 shares of the company’s stock valued at $957,000 after buying an additional 10,936 shares during the last quarter. Virginia Retirement System purchased a new stake in Gulfport Energy Corp. during the first quarter valued at approximately $490,000. Ngam Advisors L.P. boosted its stake in Gulfport Energy Corp. by 7.6% in the first quarter. Ngam Advisors L.P. now owns 157,010 shares of the company’s stock valued at $4,450,000 after buying an additional 11,132 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Gulfport Energy Corp. by 37.2% in the first quarter. TIAA CREF Investment Management LLC now owns 317,974 shares of the company’s stock valued at $9,011,000 after buying an additional 86,258 shares during the last quarter.
Shares of Gulfport Energy Corp. (NASDAQ:GPOR) opened at 28.25 on Friday. The stock has a 50 day moving average price of $27.87 and a 200-day moving average price of $29.31. Gulfport Energy Corp. has a 52-week low of $20.21 and a 52-week high of $36.12. The firm’s market cap is $3.54 billion.
Gulfport Energy Corp. (NASDAQ:GPOR) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.11. Gulfport Energy Corp. had a negative net margin of 216.29% and a positive return on equity of 1.61%. On average, equities analysts anticipate that Gulfport Energy Corp. will post $0.65 EPS for the current fiscal year.
A number of equities analysts recently commented on the company. Wolfe Research assumed coverage on Gulfport Energy Corp. in a research note on Tuesday, July 26th. They set a “peer perform” rating for the company. Jefferies Group reissued a “buy” rating on shares of Gulfport Energy Corp. in a research note on Friday, September 9th. Barclays PLC increased their price target on Gulfport Energy Corp. from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. KeyCorp dropped their price target on Gulfport Energy Corp. from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, August 22nd. Finally, Wunderlich increased their price target on Gulfport Energy Corp. from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 27th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Gulfport Energy Corp. presently has a consensus rating of “Buy” and a consensus price target of $35.14.
About Gulfport Energy Corp.
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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