Trading Report: Today, California Public Employees Retirement System Sold shares of Gulfport Energy Corp. (GPOR)

Today, California Public Employees Retirement System Sold shares of Gulfport Energy Corp. (GPOR)

California Public Employees Retirement System decreased its stake in shares of Gulfport Energy Corp. (NASDAQ:GPOR) by 6.5% during the third quarter, Holdings Channel reports. The fund owned 166,500 shares of the company’s stock after selling 11,500 shares during the period. California Public Employees Retirement System owned 0.13% of Gulfport Energy Corp. worth $4,704,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Standard Life Investments LTD raised its stake in shares of Gulfport Energy Corp. by 19.4% in the third quarter. Standard Life Investments LTD now owns 1,119,631 shares of the company’s stock valued at $31,624,000 after buying an additional 182,169 shares during the last quarter. Selz Capital LLC raised its stake in shares of Gulfport Energy Corp. by 160.0% in the third quarter. Selz Capital LLC now owns 130,000 shares of the company’s stock valued at $3,673,000 after buying an additional 80,000 shares during the last quarter. Villere ST Denis J & Co. LLC raised its stake in shares of Gulfport Energy Corp. by 16.7% in the third quarter. Villere ST Denis J & Co. LLC now owns 1,935,635 shares of the company’s stock valued at $54,681,000 after buying an additional 276,650 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of Gulfport Energy Corp. by 100.1% in the third quarter. Eagle Asset Management Inc. now owns 49,598 shares of the company’s stock valued at $1,401,000 after buying an additional 24,811 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Gulfport Energy Corp. by 3.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 43,192 shares of the company’s stock valued at $1,220,000 after buying an additional 1,516 shares during the last quarter.

Gulfport Energy Corp. (NASDAQ:GPOR) traded down 1.19% during midday trading on Friday, hitting $25.72. 1,514,709 shares of the stock traded hands. The company has a 50-day moving average of $25.79 and a 200-day moving average of $28.55. The stock’s market cap is $3.23 billion. Gulfport Energy Corp. has a 12 month low of $20.21 and a 12 month high of $34.67.

Gulfport Energy Corp. (NASDAQ:GPOR) last posted its earnings results on Wednesday, November 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. Gulfport Energy Corp. had a positive return on equity of 3.30% and a negative net margin of 216.29%. The company had revenue of $193.70 million for the quarter, compared to analyst estimates of $170.57 million. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. The firm’s quarterly revenue was down 16.0% compared to the same quarter last year. On average, equities research analysts anticipate that Gulfport Energy Corp. will post $0.74 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. Credit Suisse Group AG reiterated a “buy” rating and set a $37.00 target price on shares of Gulfport Energy Corp. in a research report on Friday, November 11th. Canaccord Genuity set a $33.00 price objective on shares of Gulfport Energy Corp. and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Zacks Investment Research lowered shares of Gulfport Energy Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Goldman Sachs Group Inc. upgraded shares of Gulfport Energy Corp. to a “buy” rating and set a $35.00 price objective for the company in a report on Monday, October 24th. Finally, Tudor Pickering lowered shares of Gulfport Energy Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 24th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.54.

Gulfport Energy Corp. 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.

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