Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) CEO Domenic Dell'osso, Jr. purchased 1,600 shares of Gulfport Energy stock in a transaction on Friday, August 7th. The shares were acquired at an average cost of $160.61 per share, with a total value of $256,976.00. Following the completion of the transaction, the chief executive officer directly owned 24,349 shares in the company, valued at $3,910,692.89. The trade was a 7.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Gulfport Energy Stock Performance
Shares of NYSE GPOR opened at $167.89 on Tuesday. The company has a 50 day simple moving average of $161.19 and a two-hundred day simple moving average of $183.75. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 6.72 and a beta of 0.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. Gulfport Energy Corporation has a 12 month low of $149.18 and a 12 month high of $225.78.
Hedge Funds Weigh In On Gulfport Energy
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPOR. Jennison Associates LLC grew its position in shares of Gulfport Energy by 14.2% in the fourth quarter. Jennison Associates LLC now owns 671,483 shares of the company's stock valued at $139,662,000 after purchasing an additional 83,613 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Gulfport Energy by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company's stock worth $133,317,000 after purchasing an additional 34,486 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Gulfport Energy by 50.3% in the 4th quarter. Victory Capital Management Inc. now owns 527,393 shares of the company's stock valued at $109,692,000 after buying an additional 176,386 shares in the last quarter. State Street Corp lifted its stake in Gulfport Energy by 1.8% in the 2nd quarter. State Street Corp now owns 482,458 shares of the company's stock valued at $97,056,000 after buying an additional 8,668 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Gulfport Energy by 4,946.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company's stock worth $98,892,000 after buying an additional 458,156 shares during the last quarter.
Analyst Ratings Changes
Several equities research analysts have commented on GPOR shares. UBS Group lowered their price target on shares of Gulfport Energy from $223.00 to $214.00 and set a "buy" rating on the stock in a report on Wednesday, August 5th. Zacks Research lowered Gulfport Energy from a "hold" rating to a "strong sell" rating in a research note on Monday, July 13th. Mizuho raised Gulfport Energy from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $251.00 to $252.00 in a report on Wednesday, May 27th. Weiss Ratings downgraded Gulfport Energy from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 16th. Finally, Truist Financial dropped their target price on Gulfport Energy from $190.00 to $186.00 and set a "hold" rating on the stock in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Gulfport Energy presently has an average rating of "Moderate Buy" and an average target price of $223.11.
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.
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