ZWJ Investment Counsel Inc. Purchases 33,815 Shares of Gulfport Energy Co. (NASDAQ:GPOR)

ZWJ Investment Counsel Inc. raised its position in Gulfport Energy Co. (NASDAQ:GPOR) by 9.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 389,252 shares of the oil and gas producer’s stock after acquiring an additional 33,815 shares during the period. ZWJ Investment Counsel Inc. owned about 0.24% of Gulfport Energy worth $1,911,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPOR. Versant Capital Management Inc lifted its stake in Gulfport Energy by 567.1% in the 1st quarter. Versant Capital Management Inc now owns 4,056 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 3,448 shares in the last quarter. Capital Advisors Ltd. LLC bought a new stake in shares of Gulfport Energy during the 1st quarter worth approximately $35,000. Cetera Advisor Networks LLC bought a new stake in shares of Gulfport Energy during the 1st quarter worth approximately $84,000. Nisa Investment Advisors LLC raised its stake in shares of Gulfport Energy by 468.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 16,020 shares of the oil and gas producer’s stock worth $128,000 after purchasing an additional 13,200 shares in the last quarter. Finally, Ironwood Investment Management LLC raised its stake in shares of Gulfport Energy by 12.7% during the 1st quarter. Ironwood Investment Management LLC now owns 19,032 shares of the oil and gas producer’s stock worth $153,000 after purchasing an additional 2,151 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Shares of GPOR stock traded down $0.05 during trading on Friday, reaching $3.44. 6,148,248 shares of the company’s stock were exchanged, compared to its average volume of 5,853,259. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $568.82 million, a PE ratio of 1.88, a PEG ratio of 0.29 and a beta of 0.82. Gulfport Energy Co. has a twelve month low of $3.13 and a twelve month high of $12.08. The business has a fifty day moving average price of $4.29.

Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $459.00 million for the quarter, compared to analyst estimates of $312.43 million. Gulfport Energy had a return on equity of 7.49% and a net margin of 33.82%. The firm’s revenue was up 81.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. Sell-side analysts anticipate that Gulfport Energy Co. will post 1.1 EPS for the current fiscal year.

GPOR has been the topic of a number of analyst reports. Jefferies Financial Group cut Gulfport Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $11.00 to $5.00 in a research note on Monday, July 15th. BidaskClub cut Gulfport Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 16th. Finally, Credit Suisse Group cut Gulfport Energy from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. Gulfport Energy presently has a consensus rating of “Hold” and an average price target of $10.68.

Gulfport Energy Profile

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.

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

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