Marshall Wace LLP Buys New Stake in Gulfport Energy Co. (GPOR)

Marshall Wace LLP bought a new position in shares of Gulfport Energy Co. (NASDAQ:GPOR) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 2,511,146 shares of the company’s stock, valued at approximately $54,341,000. Marshall Wace LLP owned 2.00% of Gulfport Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in Gulfport Energy by 816.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,611 shares of the company’s stock worth $102,000 after buying an additional 3,217 shares during the period. IndexIQ Advisors LLC increased its position in Gulfport Energy by 5.9% in the third quarter. IndexIQ Advisors LLC now owns 5,190 shares of the company’s stock worth $147,000 after buying an additional 289 shares during the period. Dreman Value Management L L C bought a new position in Gulfport Energy during the third quarter worth approximately $161,000. OLD National Bancorp IN bought a new position in Gulfport Energy during the third quarter worth approximately $202,000. Finally, M&T Bank Corp bought a new position in Gulfport Energy during the third quarter worth approximately $210,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

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

Gulfport Energy Co. (NASDAQ:GPOR) traded down 0.14% during midday trading on Monday, reaching $20.68. 2,827,556 shares of the company’s stock traded hands. Gulfport Energy Co. has a 52 week low of $19.54 and a 52 week high of $34.67. The stock’s market capitalization is $2.59 billion. The company’s 50-day moving average price is $21.18 and its 200 day moving average price is $25.39.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Monday, February 13th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. The company had revenue of $202.70 million for the quarter, compared to the consensus estimate of $197.91 million. The firm’s revenue was down 66.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.01) earnings per share. On average, equities research analysts expect that Gulfport Energy Co. will post $0.76 earnings per share for the current year.

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A number of research analysts recently commented on the stock. SunTrust Banks, Inc. set a $32.00 target price on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Sunday, December 25th. Canaccord Genuity set a $33.00 target price on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Tuesday, December 20th. Mizuho reissued a “buy” rating and set a $32.00 price objective (down from $36.00) on shares of Gulfport Energy in a research report on Wednesday, December 28th. Zacks Investment Research downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 3rd. Finally, Credit Suisse Group reissued a “buy” rating and set a $33.00 price objective on shares of Gulfport Energy in a research report on Sunday, February 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $33.19.

Gulfport Energy Company Profile

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.

5 Day Chart for NASDAQ:GPOR

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