Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) Director Timothy Cutt sold 5,000 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $208.73, for a total value of $1,043,650.00. Following the transaction, the director directly owned 26,255 shares in the company, valued at approximately $5,480,206.15. This represents a 16.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Gulfport Energy Trading Up 1.0%
GPOR stock opened at $211.23 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Gulfport Energy Corporation has a twelve month low of $153.27 and a twelve month high of $225.78. The company has a market cap of $3.92 billion, a P/E ratio of 10.39 and a beta of 0.61. The business has a fifty day moving average of $197.52 and a 200-day moving average of $192.43.
Gulfport Energy (NYSE:GPOR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.61 by ($0.01). The firm had revenue of $398.19 million during the quarter, compared to the consensus estimate of $373.24 million. Gulfport Energy had a net margin of 30.01% and a return on equity of 21.85%.
Institutional Trading of Gulfport Energy
Hedge funds have recently added to or reduced their stakes in the business. Global Alpha Capital Management Ltd. grew its position in shares of Gulfport Energy by 4.5% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 163,160 shares of the company's stock valued at $32,823,000 after purchasing an additional 7,000 shares during the period. Coastal Bridge Advisors LLC bought a new position in Gulfport Energy in the third quarter valued at approximately $1,837,000. Stephens Investment Management Group LLC boosted its holdings in shares of Gulfport Energy by 29.0% in the third quarter. Stephens Investment Management Group LLC now owns 48,001 shares of the company's stock valued at $8,687,000 after buying an additional 10,786 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Gulfport Energy by 45.5% in the third quarter. Assenagon Asset Management S.A. now owns 62,221 shares of the company's stock valued at $11,261,000 after buying an additional 19,458 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Gulfport Energy during the second quarter worth $1,367,000.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on GPOR shares. TD Cowen raised shares of Gulfport Energy to a "strong-buy" rating in a research note on Monday, February 9th. Tudor Pickering lowered shares of Gulfport Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, December 1st. Weiss Ratings upgraded shares of Gulfport Energy from a "hold (c)" rating to a "buy (b)" rating in a research report on Monday. Wolfe Research downgraded Gulfport Energy from an "outperform" rating to a "peer perform" rating in a research note on Monday, January 5th. Finally, Evercore lifted their price objective on Gulfport Energy from $190.00 to $210.00 and gave the stock an "in-line" rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $227.20.
Read Our Latest Analysis on GPOR
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.
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