Gulfport Energy Corporation (NASDAQ: GPOR) Is Getting Increasingly Hard To Ignore

DE Stock
DE Stock

Shah Capital Management, Inc. recently announced the acquisition of new stake in Gulfport Energy Corporation (NASDAQ:GPOR). The institutional investor has increased its shareholding in the Energy company by 0.95% to 11.7 million shares with purchase of 0.11 million shares. This fresh investment now brings its stake to 7.32% valued currently at $11.82 million. In addition, D. E. Shaw & Co. LP raised its holdings by 4.03 million to 4.03 million shares. And Norges Bank Investment Management has lifted its position by 0.00% or 1.0 shares – to 2.66 million shares.

With over 1.38 million Gulfport Energy Corporation (GPOR) shares trading Friday and a closing price of $0.75 on the day, the dollar volume was approximately $1.04 million. The shares have shown a positive weekly performance of 33.70% and its price on 08/28/20 gained nearly 2.65%. Currently, there are 159.93M common shares owned by the public and among those 143.28M shares have been available to trade.

The analysts have set the share’s price value over the next 12 months at a high of $3.20 and a low of $0.25 should the stock experience a downside. Incidentally, analysts’ outlook for the Gulfport Energy Corporation stock is 3.50 for the next 12 months. The average price target is 33.63% above its last price level and an upside to the estimated low will see the stock lose -200.0% over that period. But an upside of 76.56% will see the stock hit the forecast high price target while mean target price for the stock is $1.00.

Insiders at the company have transacted a total of 33 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 2,993,277 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 2,775,822 shares.

The top 3 mutual fund holders in Gulfport Energy Corporation are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and DFA US Small Cap Portfolio. iShares Core S&P Small Cap ETF owns 8.79 million shares of the company’s stock, all valued at over $8.88 million. DFA US Small Cap Portfolio sold -0.13 million shares to bring its total holdings to over 3.62 million shares at a value of $3.65 million. DFA US Small Cap Portfolio now owns shares totaling to 2.26% of the shares outstanding.

Shares of Gulfport Energy Corporation (NASDAQ: GPOR) opened at $0.7461, up $0.02 from a prior closing price of $0.73. However, the script later closed the day at $0.75, up 2.65%. The company’s stock has a 5-day price change of 33.70% and -50.89% over the past three months. GPOR shares are trading -75.28% year to date (YTD), with the 12-month market performance down to -71.65% lower. It has a 12-month low price of $0.35 and touched a high of $3.88 over the same period. Currently, 1.38 million shares have been traded, compared to an average intraday trading volume of 4.81 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.19%, -26.43%, and -51.94% respectively.

Institutional ownership of Gulfport Energy Corporation (NASDAQ: GPOR) shares accounts for 87.90% of the company’s 159.93M shares outstanding. Mutual fund holders own 37.12%, while other institutional holders and individual stakeholders account for 47.83% and 36.87% respectively.

It has a market capitalization of $117.26M and a beta (3y monthly) value of 6.49. The earnings-per-share (ttm) stands at -$21.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.78% over the week and 12.53% over the month.

Analysts forecast that Gulfport Energy Corporation (GPOR) will achieve an EPS of -$0.16 for the current quarter, $0.02 for the next quarter and $0.25 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.37 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was $0.24 a year ago. Earnings per share for the fiscal year are expected to decrease by -608.70%, and 14.29% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate Gulfport Energy Corporation (GPOR) as a “Hold” at a consensus score of 3.50. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 6 of the 11 advise that investors “hold,” and 5 rated it as a “Sell.”

Looking at the support for the GPOR, a number of firms have released research notes about the stock. Stifel stated their Sell rating for the stock in a research note on March 31, 2020, with the firm’s price target at. JP Morgan coverage for the Gulfport Energy Corporation (GPOR) stock in a research note released on March 25, 2020 offered a Underweight rating with a price target of. Piper Sandler was of a view on March 09, 2020 that the stock is Underweight, while Scotiabank gave the stock Sector Underperform rating on February 28, 2020, issuing a price target of. Piper Sandler on their part issued Neutral rating on February 11, 2020.


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