Key Points
- Silver Point Capital L.P. sold 45,546 shares of Gulfport Energy on Dec. 2 at an average price of $219.56 for a total of $10,000,079.76, reducing its stake to 3,449,885 shares (a 1.30% ownership decline) per an SEC filing.
- The firm also sold 244,489 shares on Dec. 1 at $219.56, a separate transaction totaling $53,680,004.84, representing a sizable two-day reduction in its position.
- Gulfport trades near $217.50 with a market cap of about $4.2B, posted a quarterly EPS of $3.13 (missing estimates) while beating revenue, and carries an analyst consensus of "Moderate Buy" with an average target of $221.25.
Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) Director Silver Point Capital L.P. sold 45,546 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $219.56, for a total value of $10,000,079.76. Following the transaction, the director owned 3,449,885 shares of the company's stock, valued at $757,456,750.60. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Silver Point Capital L.P. also recently made the following trade(s):
- On Monday, December 1st, Silver Point Capital L.P. sold 244,489 shares of Gulfport Energy stock. The shares were sold at an average price of $219.56, for a total transaction of $53,680,004.84.
Gulfport Energy Stock Performance
GPOR opened at $217.50 on Thursday. The company has a market cap of $4.20 billion, a price-to-earnings ratio of -114.47 and a beta of 0.60. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $195.16. Gulfport Energy Corporation has a twelve month low of $153.27 and a twelve month high of $225.78.
Gulfport Energy (NYSE:GPOR - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 EPS for the quarter, missing analysts' consensus estimates of $4.64 by ($1.51). The firm had revenue of $379.75 million during the quarter, compared to analyst estimates of $343.18 million. Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%.
Institutional Investors Weigh In On Gulfport Energy
A number of institutional investors and hedge funds have recently made changes to their positions in GPOR. Vanguard Group Inc. lifted its stake in shares of Gulfport Energy by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company's stock valued at $195,165,000 after acquiring an additional 68,664 shares during the period. Jennison Associates LLC raised its holdings in Gulfport Energy by 49.3% during the 2nd quarter. Jennison Associates LLC now owns 565,194 shares of the company's stock worth $113,700,000 after purchasing an additional 186,531 shares during the last quarter. State Street Corp lifted its position in Gulfport Energy by 1.8% during the 2nd quarter. State Street Corp now owns 482,458 shares of the company's stock valued at $97,056,000 after purchasing an additional 8,668 shares during the period. Millennium Management LLC lifted its position in Gulfport Energy by 1,281.6% during the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company's stock valued at $77,104,000 after purchasing an additional 395,197 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Gulfport Energy by 10.2% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company's stock valued at $80,630,000 after purchasing an additional 36,953 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Gulfport Energy in a research report on Wednesday, October 8th. Zacks Research raised Gulfport Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, November 10th. Roth Capital initiated coverage on Gulfport Energy in a research note on Monday, October 13th. They issued a "neutral" rating and a $200.00 target price for the company. William Blair assumed coverage on Gulfport Energy in a report on Monday, August 25th. They issued an "outperform" rating for the company. Finally, Mizuho decreased their price objective on shares of Gulfport Energy from $227.00 to $199.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $221.25.
View Our Latest Research Report on GPOR
Gulfport Energy Company Profile
(
Get Free Report)
Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.
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