Hillcrest Asset Management LLC Takes $7.15 Million Position in Gulfport Energy Corporation (GPOR)

Hillcrest Asset Management LLC bought a new position in shares of Gulfport Energy Corporation (NASDAQ:GPOR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 498,476 shares of the oil and gas producer’s stock, valued at approximately $7,148,000. Hillcrest Asset Management LLC owned about 0.27% of Gulfport Energy Corporation as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Gulfport Energy Corporation by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 67,100 shares of the oil and gas producer’s stock worth $990,000 after buying an additional 1,000 shares during the last quarter. Tocqueville Asset Management L.P. lifted its stake in shares of Gulfport Energy Corporation by 65.6% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 25,750 shares of the oil and gas producer’s stock worth $380,000 after buying an additional 10,200 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Gulfport Energy Corporation by 122.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock worth $48,092,000 after buying an additional 1,794,132 shares during the last quarter. FMR LLC lifted its stake in shares of Gulfport Energy Corporation by 30.1% during the 1st quarter. FMR LLC now owns 342,506 shares of the oil and gas producer’s stock worth $5,888,000 after buying an additional 79,224 shares during the last quarter. Finally, Swiss National Bank increased its position in Gulfport Energy Corporation by 3.3% during the second quarter. Swiss National Bank now owns 264,558 shares of the oil and gas producer’s stock worth $3,902,000 after acquiring an additional 8,500 shares during the period. Institutional investors own 84.80% of the company’s stock.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) traded down $0.36 during trading on Tuesday, hitting $13.78. 4,213,400 shares of the company traded hands, compared to its average volume of 3,757,393. The company has a market cap of $2,520.00, a price-to-earnings ratio of 10.79, a PEG ratio of 0.34 and a beta of 0.69. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy Corporation has a 12 month low of $10.90 and a 12 month high of $29.92.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). Gulfport Energy Corporation had a net margin of 3.88% and a return on equity of 7.99%. The company had revenue of $265.50 million for the quarter, compared to the consensus estimate of $302.33 million. During the same period last year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was up 37.1% compared to the same quarter last year. equities research analysts predict that Gulfport Energy Corporation will post 1.37 EPS for the current year.

A number of equities analysts recently commented on GPOR shares. Morgan Stanley raised their price target on shares of Gulfport Energy Corporation from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. Jefferies Group LLC set a $20.00 price target on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Mizuho reaffirmed a “buy” rating and set a $23.00 price target on shares of Gulfport Energy Corporation in a research report on Wednesday, October 4th. Scotiabank reaffirmed a “buy” rating and set a $23.00 price target on shares of Gulfport Energy Corporation in a research report on Monday, October 9th. Finally, Williams Capital set a $21.00 price target on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $22.83.

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Gulfport Energy Corporation Company Profile

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

Institutional Ownership by Quarter for Gulfport Energy Corporation (NASDAQ:GPOR)

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