Key Points
- Matthew Willrath sold 325 Gulfport Energy shares at an average price of $182.69, totaling $59,374.25. The sale reduced his direct ownership by 13.24% to 2,130 shares.
- Gulfport Energy reported quarterly EPS of $4.85, beating estimates of $3.82, on revenue of $323.23 million. The stock was trading near $181.92, with a $3.22 billion market capitalization.
- Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $223.11, despite some recent downgrades and reduced targets.
Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) CAO Matthew Willrath sold 325 shares of Gulfport Energy stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total value of $59,374.25. Following the transaction, the chief accounting officer directly owned 2,130 shares in the company, valued at approximately $389,129.70. The trade was a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Gulfport Energy Trading Up 0.8%
Shares of NYSE:GPOR opened at $181.92 on Friday. The stock has a 50 day moving average of $164.80 and a 200 day moving average of $180.45. The company has a market cap of $3.22 billion, a PE ratio of 7.28 and a beta of 0.43. Gulfport Energy Corporation has a 12-month low of $149.18 and a 12-month high of $225.78. 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 (NYSE:GPOR - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $4.85 EPS for the quarter, topping analysts' consensus estimates of $3.82 by $1.03. Gulfport Energy had a net margin of 32.28% and a return on equity of 21.87%. The company had revenue of $323.23 million for the quarter. As a group, equities research analysts expect that Gulfport Energy Corporation will post 22.25 EPS for the current year.
Hedge Funds Weigh In On Gulfport Energy
Several hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System boosted its position in shares of Gulfport Energy by 16,390.6% during the second quarter. California State Teachers Retirement System now owns 3,099,740 shares of the company's stock worth $526,026,000 after acquiring an additional 3,080,943 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Gulfport Energy by 5.8% in 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 in 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 worth $109,692,000 after purchasing 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 worth $97,056,000 after purchasing an additional 8,668 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Gulfport Energy by 4,946.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company's stock valued at $98,892,000 after purchasing an additional 458,156 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on GPOR. Zacks Research downgraded shares of Gulfport Energy from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. Mizuho upgraded Gulfport Energy from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. UBS Group decreased their price target on Gulfport Energy from $223.00 to $214.00 and set a "buy" rating on the stock in a report on Wednesday, August 5th. Truist Financial decreased their price target on Gulfport Energy from $190.00 to $186.00 and set a "hold" rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings downgraded Gulfport Energy from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $223.11.
Check Out Our Latest Stock Analysis on GPOR
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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