Key Points
- Director Jason Joseph Martinez sold 400 Gulfport Energy shares on April 2 at an average price of $213.40 for total proceeds of $85,360, trimming his stake by 9.33% to 3,888 shares (≈$829,699).
- Shares opened at $206.84 with a 50-day/200-day moving average of $203.50/$197.57 and a one-year range of $153.27–$225.78; the company has a market cap of about $3.84 billion and a P/E of 10.17.
- Analysts hold a consensus "Moderate Buy" with an average price target of $228.90; Gulfport reported EPS of $5.60 (missed by $0.01) while revenue beat estimates and net margin was 30.01%.
Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) Director Jason Joseph Martinez sold 400 shares of the company's stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total value of $85,360.00. Following the transaction, the director directly owned 3,888 shares of the company's stock, valued at approximately $829,699.20. The trade was a 9.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Gulfport Energy Trading Down 0.1%
Shares of NYSE:GPOR opened at $206.84 on Friday. The business's 50 day moving average price is $203.50 and its 200-day moving average price is $197.57. Gulfport Energy Corporation has a 1 year low of $153.27 and a 1 year high of $225.78. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 10.17 and a beta of 0.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.68.
Gulfport Energy (NYSE:GPOR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $5.60 EPS for the quarter, missing the consensus estimate of $5.61 by ($0.01). The company had revenue of $398.19 million during the quarter, compared to analysts' expectations of $373.24 million. Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.
Analyst Ratings Changes
A number of analysts have recently commented on GPOR shares. UBS Group boosted their target price on shares of Gulfport Energy from $264.00 to $267.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Truist Financial initiated coverage on Gulfport Energy in a report on Tuesday, March 24th. They issued a "hold" rating and a $230.00 price objective on the stock. Wolfe Research lowered Gulfport Energy from an "outperform" rating to a "peer perform" rating in a research note on Monday, January 5th. JPMorgan Chase & Co. increased their target price on Gulfport Energy from $228.00 to $229.00 and gave the company an "overweight" rating in a report on Monday, March 16th. Finally, Mizuho lifted their price target on Gulfport Energy from $219.00 to $239.00 and gave the stock a "neutral" rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $228.90.
Check Out Our Latest Research Report on GPOR
Hedge Funds Weigh In On Gulfport Energy
Hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Gulfport Energy by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company's stock valued at $1,391,000 after acquiring an additional 181 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Gulfport Energy by 14.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,749 shares of the company's stock valued at $17,631,000 after acquiring an additional 12,327 shares during the last quarter. Intech Investment Management LLC lifted its stake in Gulfport Energy by 11.6% in the 1st quarter. Intech Investment Management LLC now owns 6,400 shares of the company's stock worth $1,178,000 after purchasing an additional 665 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Gulfport Energy by 16.7% during the 2nd quarter. Cetera Investment Advisers now owns 1,532 shares of the company's stock worth $308,000 after purchasing an additional 219 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Gulfport Energy by 15.6% during the 2nd quarter. Legal & General Group Plc now owns 16,635 shares of the company's stock worth $3,346,000 after purchasing an additional 2,248 shares during the last quarter.
Gulfport Energy Company Profile
(
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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