Today: Today, Icon Advisers Inc. Co. Buys 157,100 Shares of Gulfport Energy Corp. (GPOR)

Today, Icon Advisers Inc. Co. Buys 157,100  Shares of Gulfport Energy Corp. (GPOR)

Icon Advisers Inc. Co. acquired a new stake in Gulfport Energy Corp. (NASDAQ:GPOR) during the third quarter, according to its most recent filing with the SEC. The firm acquired 157,100 shares of the company’s stock, valued at approximately $4,438,000. Icon Advisers Inc. Co. owned 0.13% of Gulfport Energy Corp. as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GPOR. IndexIQ Advisors LLC increased its position in Gulfport Energy Corp. by 7.5% in the second quarter. IndexIQ Advisors LLC now owns 4,901 shares of the company’s stock valued at $153,000 after buying an additional 344 shares during the last quarter. Genesee Valley Trust Co. acquired a new position in Gulfport Energy Corp. during the second quarter valued at $209,000. Seven Bridges Advisors LLC acquired a new position in Gulfport Energy Corp. during the second quarter valued at $221,000. OLD National Bancorp IN acquired a new position in Gulfport Energy Corp. during the third quarter valued at $202,000. Finally, M&T Bank Corp acquired a new position in Gulfport Energy Corp. during the third quarter valued at $210,000.

Shares of Gulfport Energy Corp. (NASDAQ:GPOR) traded down 0.92% on Friday, hitting $25.79. 923,251 shares of the stock traded hands. The firm’s market cap is $3.24 billion. The firm has a 50 day moving average price of $25.96 and a 200 day moving average price of $28.57. Gulfport Energy Corp. has a 52-week low of $20.21 and a 52-week high of $34.67.

Gulfport Energy Corp. (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.16 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $170.57 million. During the same period in the previous year, the firm earned ($0.08) EPS. The firm’s revenue was down 16.0% compared to the same quarter last year. On average, equities analysts forecast that Gulfport Energy Corp. will post $0.74 EPS for the current year.

Several analysts have recently issued reports on GPOR shares. KLR Group upgraded shares of Gulfport Energy Corp. from an “accumulate” rating to a “buy” rating and reduced their target price for the stock from $39.00 to $37.00 in a research note on Friday, August 5th. Williams Capital started coverage on shares of Gulfport Energy Corp. in a research note on Monday, August 29th. They issued a “buy” rating and a $36.00 target price for the company. Zacks Investment Research lowered shares of Gulfport Energy Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Jefferies Group reiterated a “buy” rating and issued a $35.00 target price on shares of Gulfport Energy Corp. in a research note on Wednesday, October 19th. Finally, Vetr lowered shares of Gulfport Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $30.00 target price for the company. in a research note on Thursday, October 6th. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Gulfport Energy Corp. 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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