Covey Capital Advisors buys $1,584,983 stake in Gulfport Energy Corporation (GPOR)

Gulfport Energy Corporation (GPOR) : Covey Capital Advisors scooped up 19,000 additional shares in Gulfport Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 58,812 shares of Gulfport Energy Corporation which is valued at $1,584,983.Gulfport Energy Corporation makes up approximately 0.83% of Covey Capital Advisors’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in GPOR in the latest quarter, The investment management firm added 410,153 additional shares and now holds a total of 9,239,096 shares of Gulfport Energy Corporation which is valued at $248,993,637. Gulfport Energy Corporation makes up approx 0.01% of Vanguard Group Inc’s portfolio. Secor Capital Advisors Lp sold out all of its stake in GPOR during the most recent quarter. The investment firm sold 20,894 shares of GPOR which is valued $563,093.I.g. Investment Management Ltd. boosted its stake in GPOR in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 85,919 shares of Gulfport Energy Corporation which is valued at $2,251,937. Gulfport Energy Corporation makes up approx 0.01% of I.g. Investment Management Ltd.’s portfolio. Cable Hill Partners sold out all of its stake in GPOR during the most recent quarter. The investment firm sold 344 shares of GPOR which is valued $9,016.

Gulfport Energy Corporation opened for trading at $26.59 and hit $26.89 on the upside on Friday, eventually ending the session at $26.74, with a gain of 1.10% or 0.29 points. The heightened volatility saw the trading volume jump to 18,63,161 shares. Company has a market cap of $3,352 M.

On the company’s financial health, Gulfport Energy Corporation reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.13.Analysts expectations of $ 169.22.

Many Wall Street Analysts have commented on Gulfport Energy Corporation. Gulfport Energy Corporation was Upgraded by KLR Group to ” Buy” on Aug 5, 2016. Piper Jaffray Resumed Gulfport Energy Corporation on Jul 8, 2016 to “Overweight”, Price Target of the shares are set at $40.Company shares were Reiterated by Wunderlich on Jun 27, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $35 .

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration exploitation acquisition and production of crude oil natural gas liquids and natural gas in the United States. It has developed an oil and natural gas portfolio of proved reserves as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Company’s principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields. In addition the Company has producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. It also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly) and interests in entities that operate in Southeast Asia including the Phu Horm gas field in Thailand.

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