Key Points
- Lester Zitkus, Gulfport Energy SVP, sold 4,745 shares on Jan. 7 at an average price of $185.69 for about $881,099, reducing his direct stake by 37.76% to 7,821 shares valued around $1.45M.
- The company reported $3.13 EPS on Nov. 4, missing the $4.64 consensus while revenue of $379.75M topped estimates, and the stock trades near $174.36 with a 50‑day MA of $205.79 and a 200‑day MA of $187.73 (1‑yr range $153.27–$225.78).
- Analysts are mixed but generally positive: MarketBeat shows an average rating of "Moderate Buy" with an average price target of $230.88, ranging from Strong Buy to Hold.
Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) SVP Lester Zitkus sold 4,745 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $185.69, for a total value of $881,099.05. Following the completion of the sale, the senior vice president directly owned 7,821 shares in the company, valued at $1,452,281.49. This represents a 37.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Gulfport Energy Stock Performance
Shares of GPOR opened at $174.36 on Friday. The firm has a fifty day moving average of $205.79 and a 200-day moving average of $187.73. The company has a market cap of $3.37 billion, a price-to-earnings ratio of -91.77 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. Gulfport Energy Corporation has a 1 year low of $153.27 and a 1 year high of $225.78.
Gulfport Energy (NYSE:GPOR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate of $4.64 by ($1.51). The firm had revenue of $379.75 million during the quarter, compared to the consensus estimate of $343.18 million. Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Zacks Research raised Gulfport Energy from a "strong sell" rating to a "hold" rating in a research note on Wednesday. Roth Capital assumed coverage on shares of Gulfport Energy in a research note on Monday, October 13th. They set a "neutral" rating and a $200.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of Gulfport Energy in a research report on Thursday, October 23rd. They issued a "buy" rating and a $250.00 target price for the company. Evercore ISI raised their target price on shares of Gulfport Energy from $190.00 to $210.00 and gave the company an "in-line" rating in a research note on Monday, November 10th. Finally, Tudor Pickering lowered shares of Gulfport Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Gulfport Energy currently has an average rating of "Moderate Buy" and an average price target of $230.88.
View Our Latest Research Report on Gulfport Energy
Institutional Investors Weigh In On Gulfport Energy
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio bought a new position in shares of Gulfport Energy during the 1st quarter valued at about $239,000. Rhumbline Advisers lifted its stake in Gulfport Energy by 1.2% during the first quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock valued at $3,798,000 after purchasing an additional 248 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Gulfport Energy by 337.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company's stock valued at $12,412,000 after purchasing an additional 47,600 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in Gulfport Energy during the second quarter worth approximately $263,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Gulfport Energy in the second quarter worth approximately $557,000.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
