Key Points
- COO Matthew Rucker sold 10,732 shares on January 6 at an average price of $186.61 for roughly $2.00 million, cutting his position by 45.43% to 12,893 shares (about $2.41 million remaining).
- In the company’s most recent quarter (reported Nov. 4) Gulfport posted EPS of $3.13, missing the $4.64 consensus, while revenue of $379.75 million beat expectations; return on equity was 20.95% with a net margin of 1.68%.
- Shares trade near $185.53 (50-day MA $205.98, 200-day MA $187.99) with a market cap of $3.58 billion, and analysts carry a consensus rating of “Moderate Buy” with a $230.88 target price.
Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) COO Matthew Rucker sold 10,732 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $186.61, for a total value of $2,002,698.52. Following the transaction, the chief operating officer directly owned 12,893 shares of the company's stock, valued at $2,405,962.73. The trade was a 45.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Gulfport Energy Stock Performance
NYSE GPOR opened at $185.53 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The stock's fifty day moving average is $205.98 and its two-hundred day moving average is $187.99. The firm has a market capitalization of $3.58 billion, a P/E ratio of -97.65 and a beta of 0.61. Gulfport Energy Corporation has a fifty-two week low of $153.27 and a fifty-two week high of $225.78.
Gulfport Energy (NYSE:GPOR - Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $4.64 by ($1.51). The company had revenue of $379.75 million for the quarter, compared to analysts' expectations of $343.18 million. Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.
Institutional Investors Weigh In On Gulfport Energy
Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in Gulfport Energy in the third quarter valued at $28,000. Financial Consulate Inc. acquired a new position in Gulfport Energy during the 3rd quarter worth approximately $31,000. Federated Hermes Inc. lifted its holdings in Gulfport Energy by 133.7% in the third quarter. Federated Hermes Inc. now owns 222 shares of the company's stock valued at $40,000 after acquiring an additional 127 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company's stock worth $50,000 after buying an additional 197 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Gulfport Energy in the 2nd quarter worth approximately $85,000.
Analyst Ratings Changes
Several analysts recently issued reports on GPOR shares. Roth Capital assumed coverage on shares of Gulfport Energy in a report on Monday, October 13th. They issued a "neutral" rating and a $200.00 price objective on the stock. Mizuho lifted their price target on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a "neutral" rating in a research report on Friday, December 12th. UBS Group upped their price objective on shares of Gulfport Energy from $227.00 to $264.00 and gave the stock a "buy" rating in a report on Friday, December 12th. Wolfe Research cut shares of Gulfport Energy from an "outperform" rating to a "peer perform" rating in a research report on Monday. Finally, Tudor Pickering lowered Gulfport Energy from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.88.
Check Out Our Latest Analysis on Gulfport Energy
About Gulfport Energy
(
Get Free Report)
Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.
The company's primary operations are concentrated in two major U.S. resource basins.
Further Reading
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