Foster & Motley Inc. Makes New Investment in Gulfport Energy Corporation $GPOR

Foster & Motley Inc. acquired a new position in shares of Gulfport Energy Corporation (NYSE:GPOR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,245 shares of the company’s stock, valued at approximately $854,000.

Several other large investors have also recently bought and sold shares of the company. SummerHaven Investment Management LLC lifted its holdings in Gulfport Energy by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 5,145 shares of the company’s stock worth $1,035,000 after buying an additional 83 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Gulfport Energy by 7.1% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company’s stock worth $359,000 after buying an additional 119 shares in the last quarter. Oliver Luxxe Assets LLC lifted its holdings in Gulfport Energy by 1.5% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 11,245 shares of the company’s stock worth $2,262,000 after buying an additional 162 shares in the last quarter. Rhumbline Advisers lifted its holdings in Gulfport Energy by 1.2% during the 1st quarter. Rhumbline Advisers now owns 20,623 shares of the company’s stock worth $3,798,000 after buying an additional 248 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in Gulfport Energy during the 2nd quarter worth $85,000.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a report on Wednesday, October 8th. KeyCorp cut their price target on Gulfport Energy from $215.00 to $205.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Wall Street Zen raised Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Roth Capital started coverage on Gulfport Energy in a research note on Monday, October 13th. They issued a “neutral” rating and a $200.00 price target on the stock. Finally, TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Gulfport Energy presently has a consensus rating of “Moderate Buy” and an average price target of $210.71.

Insider Buying and Selling

In related news, Director Jason Joseph Martinez sold 600 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total transaction of $102,942.00. Following the sale, the director owned 4,288 shares of the company’s stock, valued at approximately $735,692.16. This trade represents a 12.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.33% of the company’s stock.

Gulfport Energy Trading Up 0.6%

Shares of Gulfport Energy stock opened at $177.55 on Monday. The firm has a market cap of $3.12 billion, a P/E ratio of -24.73 and a beta of 0.62. Gulfport Energy Corporation has a 12 month low of $136.45 and a 12 month high of $210.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51. The business’s fifty day simple moving average is $174.82.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings data on Monday, February 28th. The company reported $0.17 EPS for the quarter. The business had revenue of $298.62 million for the quarter. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.

About Gulfport Energy

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.