Oslo Asset Management AS Has $31.48 Million Holdings in Gulfport Energy Co. (GPOR)

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Oslo Asset Management AS raised its holdings in Gulfport Energy Co. (NASDAQ:GPOR) by 14.5% during the third quarter, HoldingsChannel reports. The firm owned 3,024,114 shares of the oil and gas producer’s stock after purchasing an additional 383,700 shares during the quarter. Gulfport Energy makes up 8.3% of Oslo Asset Management AS’s investment portfolio, making the stock its 4th largest position. Oslo Asset Management AS’s holdings in Gulfport Energy were worth $31,481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of Gulfport Energy during the 2nd quarter worth approximately $101,000. Sigma Planning Corp purchased a new stake in Gulfport Energy in the 2nd quarter valued at approximately $154,000. Campbell & CO Investment Adviser LLC purchased a new stake in Gulfport Energy in the 2nd quarter valued at approximately $170,000. Advisors Preferred LLC purchased a new stake in Gulfport Energy in the 2nd quarter valued at approximately $221,000. Finally, Fox Run Management L.L.C. purchased a new stake in Gulfport Energy in the 3rd quarter valued at approximately $222,000. 97.25% of the stock is currently owned by institutional investors.

GPOR remained flat at $$8.57 during trading on Tuesday. The company’s stock had a trading volume of 2,011,289 shares, compared to its average volume of 3,685,836. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $1.55 billion, a P/E ratio of 6.08, a PEG ratio of 0.41 and a beta of 0.32. Gulfport Energy Co. has a 52 week low of $8.11 and a 52 week high of $14.42.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The company had revenue of $252.74 million during the quarter, compared to the consensus estimate of $329.40 million. Gulfport Energy had a return on equity of 9.69% and a net margin of 30.30%. Gulfport Energy’s revenue was down 22.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. As a group, research analysts anticipate that Gulfport Energy Co. will post 1.61 earnings per share for the current year.

A number of equities research analysts recently issued reports on GPOR shares. JPMorgan Chase & Co. reduced their target price on Gulfport Energy from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 29th. BidaskClub lowered Gulfport Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Piper Jaffray Companies set a $13.00 target price on Gulfport Energy and gave the company a “buy” rating in a research note on Monday, October 8th. TheStreet raised Gulfport Energy from a “d+” rating to a “c” rating in a research note on Thursday, August 2nd. Finally, Wells Fargo & Co lowered Gulfport Energy from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research note on Tuesday, October 23rd. Three analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. Gulfport Energy presently has a consensus rating of “Hold” and a consensus price target of $14.56.

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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