Gulfport Energy Co. (NASDAQ:GPOR) Short Interest Update

Gulfport Energy Co. (NASDAQ:GPOR) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 22,740,300 shares, a decrease of 7.0% from the June 30th total of 24,452,000 shares. Based on an average daily volume of 4,320,000 shares, the days-to-cover ratio is currently 5.3 days. Approximately 14.5% of the company’s stock are short sold.

Shares of Gulfport Energy stock traded down $0.04 on Thursday, reaching $2.94. The company’s stock had a trading volume of 3,629,718 shares, compared to its average volume of 3,994,317. The company has a market capitalization of $550.89 million, a price-to-earnings ratio of 1.61, a P/E/G ratio of 0.28 and a beta of 0.81. The firm’s fifty day simple moving average is $3.86 and its two-hundred day simple moving average is $6.19. Gulfport Energy has a 52 week low of $2.84 and a 52 week high of $12.08. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.

Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Thursday, August 1st. The oil and gas producer reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The business had revenue of $459.00 million during the quarter, compared to analyst estimates of $312.43 million. Gulfport Energy had a return on equity of 7.34% and a net margin of 33.82%. The company’s quarterly revenue was up 81.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. As a group, research analysts predict that Gulfport Energy will post 1.09 EPS for the current year.

Several institutional investors have recently bought and sold shares of GPOR. JPMorgan Chase & Co. lifted its position in shares of Gulfport Energy by 135.3% in the second quarter. JPMorgan Chase & Co. now owns 6,365,656 shares of the oil and gas producer’s stock worth $31,000,000 after buying an additional 3,660,115 shares in the last quarter. Norges Bank purchased a new stake in shares of Gulfport Energy in the fourth quarter worth about $17,417,000. FMR LLC lifted its position in shares of Gulfport Energy by 4,927,254.2% in the first quarter. FMR LLC now owns 1,182,565 shares of the oil and gas producer’s stock worth $9,484,000 after buying an additional 1,182,541 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Gulfport Energy in the first quarter worth about $8,278,000. Finally, Nuveen Asset Management LLC lifted its position in shares of Gulfport Energy by 62.0% in the second quarter. Nuveen Asset Management LLC now owns 2,392,239 shares of the oil and gas producer’s stock worth $11,746,000 after buying an additional 915,199 shares in the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on GPOR. BidaskClub downgraded Gulfport Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 16th. Credit Suisse Group cut Gulfport Energy from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 9th. Jefferies Financial Group lowered Gulfport Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from $11.00 to $5.00 in a research report on Monday, July 15th. Finally, Zacks Investment Research upgraded Gulfport Energy from a “sell” rating to a “hold” rating and set a $3.75 price objective on the stock in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. Gulfport Energy has a consensus rating of “Hold” and a consensus target price of $10.18.

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 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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