Gulfport Energy Co. (GPOR) is Deltec Asset Management LLC’s 10th Largest Position

Deltec Asset Management LLC lifted its holdings in Gulfport Energy Co. (NASDAQ:GPOR) by 27.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,226,490 shares of the oil and gas producer’s stock after purchasing an additional 265,000 shares during the quarter. Gulfport Energy comprises 2.5% of Deltec Asset Management LLC’s investment portfolio, making the stock its 10th biggest holding. Deltec Asset Management LLC’s holdings in Gulfport Energy were worth $12,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in Gulfport Energy during the second quarter worth $101,000. Element Capital Management LLC purchased a new stake in Gulfport Energy during the first quarter worth $140,000. Sigma Planning Corp purchased a new stake in Gulfport Energy during the second quarter worth $154,000. Campbell & CO Investment Adviser LLC purchased a new stake in Gulfport Energy during the second quarter worth $170,000. Finally, Advisors Preferred LLC purchased a new stake in Gulfport Energy during the second quarter worth $221,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

A number of research firms have commented on GPOR. BidaskClub upgraded Gulfport Energy from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 3rd. Morgan Stanley boosted their target price on Gulfport Energy from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Thursday, July 12th. Williams Capital reiterated a “buy” rating and set a $16.00 target price on shares of Gulfport Energy in a research report on Monday, July 16th. TheStreet upgraded Gulfport Energy from a “d+” rating to a “c” rating in a research report on Thursday, August 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on Gulfport Energy from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $14.95.

Shares of NASDAQ:GPOR traded down $0.40 on Thursday, hitting $10.58. The company had a trading volume of 119,372 shares, compared to its average volume of 4,164,424. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.67. Gulfport Energy Co. has a 52-week low of $8.11 and a 52-week high of $14.42. The company has a market capitalization of $1.80 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.34 and a beta of 0.32.

Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The firm had revenue of $252.74 million during 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%. The business’s quarterly revenue was down 22.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, sell-side analysts anticipate 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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Institutional Ownership by Quarter for Gulfport Energy (NASDAQ:GPOR)

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