Schroder Investment Management Group lifted its stake in Gulfport Energy Co. (NASDAQ:GPOR) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,540,742 shares of the oil and gas producer’s stock after acquiring an additional 323,782 shares during the period. Schroder Investment Management Group’s holdings in Gulfport Energy were worth $68,650,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in Gulfport Energy during the second quarter worth $101,000. Element Capital Management LLC acquired a new stake in Gulfport Energy during the first quarter worth $140,000. Sigma Planning Corp acquired a new stake in Gulfport Energy during the second quarter worth $154,000. Campbell & CO Investment Adviser LLC acquired a new stake in Gulfport Energy during the second quarter worth $170,000. Finally, KBC Group NV acquired a new stake in Gulfport Energy during the first quarter worth $205,000. Institutional investors and hedge funds own 97.37% of the company’s stock.
A number of research firms have weighed in on GPOR. BidaskClub upgraded shares of Gulfport Energy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 3rd. Morgan Stanley lifted their price target on shares of Gulfport Energy from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Thursday, July 12th. Williams Capital reiterated a “buy” rating and set a $16.00 price target on shares of Gulfport Energy in a research note on Monday, July 16th. TheStreet upgraded shares of Gulfport Energy from a “d+” rating to a “c” rating in a research note on Thursday, August 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Gulfport Energy from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.34.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. The company had revenue of $252.74 million during the quarter, compared to analysts’ expectations of $329.40 million. Gulfport Energy had a return on equity of 9.69% and a net margin of 30.30%. The business’s revenue was down 22.0% on a year-over-year basis. During the same period last year, the business earned $0.33 earnings per share. As a group, sell-side analysts predict that Gulfport Energy Co. will post 1.55 earnings per share for the current year.
About Gulfport Energy
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
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