Gulfport Energy Co. (GPOR) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in shares of Gulfport Energy Co. (NASDAQ:GPOR) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 740,022 shares of the oil and gas producer’s stock after purchasing an additional 28,506 shares during the quarter. California Public Employees Retirement System’s holdings in Gulfport Energy were worth $9,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GPOR. Acadian Asset Management LLC purchased a new position in Gulfport Energy during the 2nd quarter valued at about $101,000. Element Capital Management LLC purchased a new position in Gulfport Energy during the 1st quarter valued at about $140,000. Sigma Planning Corp purchased a new position in Gulfport Energy during the 2nd quarter valued at about $154,000. Campbell & CO Investment Adviser LLC purchased a new position in Gulfport Energy during the 2nd quarter valued at about $170,000. Finally, Advisors Preferred LLC purchased a new position in Gulfport Energy during the 2nd quarter valued at about $221,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

GPOR stock opened at $11.26 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 0.34 and a beta of 0.32. Gulfport Energy Co. has a 1 year low of $8.11 and a 1 year high of $14.95.

Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $252.74 million for the quarter, compared to analyst estimates of $329.40 million. Gulfport Energy had a return on equity of 9.69% and a net margin of 30.30%. Gulfport Energy’s revenue for the quarter was down 22.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. Equities analysts forecast that Gulfport Energy Co. will post 1.55 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. Seaport Global Securities restated a “neutral” rating on shares of Gulfport Energy in a report on Friday, September 7th. BidaskClub upgraded Gulfport Energy from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Williams Capital restated a “buy” rating and set a $16.00 target price on shares of Gulfport Energy in a report on Monday, July 16th. Oppenheimer assumed coverage on Gulfport Energy in a report on Wednesday, October 3rd. They set an “outperform” rating and a $18.00 target price for the company. Finally, Morgan Stanley raised their target price on Gulfport Energy from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Thursday, July 12th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $15.34.

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

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