Key Points
- Director Timothy Cutt sold 2,500 Gulfport Energy shares for approximately $397,450, reducing his direct stake by 8.47% to 27,013 shares.
- GPOR shares opened at $154.83, down 4.4%, and remain well below their 52-week high of $225.78. The company recently reported quarterly EPS of $4.85, beating estimates of $3.82, on revenue of $323.23 million.
- Analyst sentiment is mixed: Jefferies downgraded the stock to Hold and cut its price target to $180, while the broader consensus remains Hold with a $210.50 target price.
Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) Director Timothy Cutt sold 2,500 shares of Gulfport Energy stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $158.98, for a total value of $397,450.00. Following the completion of the sale, the director directly owned 27,013 shares in the company, valued at approximately $4,294,526.74. This represents a 8.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Gulfport Energy Trading Down 4.4%
NYSE GPOR opened at $154.83 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.58. Gulfport Energy Corporation has a 52 week low of $149.18 and a 52 week high of $225.78. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 6.19 and a beta of 0.43. The stock's 50 day moving average price is $167.07 and its two-hundred day moving average price is $176.61.
Gulfport Energy (NYSE:GPOR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $323.23 million for the quarter. As a group, analysts anticipate that Gulfport Energy Corporation will post 22.25 earnings per share for the current fiscal year.
Institutional Trading of Gulfport Energy
A number of large investors have recently added to or reduced their stakes in GPOR. Allworth Financial LP grew its position in shares of Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company's stock valued at $33,000 after acquiring an additional 85 shares during the period. Pinnacle Holdings LLC bought a new stake in shares of Gulfport Energy in the 2nd quarter valued at about $49,000. EverSource Wealth Advisors LLC lifted its stake in Gulfport Energy by 58.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock valued at $68,000 after purchasing an additional 120 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Gulfport Energy in the 2nd quarter valued at about $59,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Gulfport Energy by 866.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company's stock valued at $84,000 after purchasing an additional 364 shares during the last quarter.
Gulfport Energy News Roundup
Here are the key news stories impacting Gulfport Energy this week:
- Positive Sentiment: Siebert Williams Shank & Co. maintained its Buy rating on Gulfport Energy, providing continued support for the stock’s longer-term outlook. Siebert Williams Shank maintains Buy rating
- Neutral Sentiment: Pickering Energy Partners initiated coverage of Gulfport Energy. The new coverage may broaden institutional attention, although the available report does not specify the firm’s rating or price target. Pickering Energy Partners initiates coverage
- Negative Sentiment: Jefferies downgraded GPOR to Hold from Buy and cut its price target sharply to $180 from $239. The firm cited risks from near-term natural-gas prices, which could weigh on Gulfport’s realized pricing, cash flow and earnings expectations. Jefferies downgrades Gulfport Energy and cuts price target
- Negative Sentiment: Director Timothy Cutt sold 2,500 shares for approximately $397,450, reducing his direct ownership by 8.47%. While one insider transaction does not establish a trend, the sale can add to investor caution following the analyst downgrade. Gulfport Energy director stock sale
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on GPOR shares. UBS Group restated a "buy" rating and set a $223.00 price objective on shares of Gulfport Energy in a research note on Monday, September 14th. Zacks Research raised Gulfport Energy from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 8th. 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. Stifel Nicolaus initiated coverage on Gulfport Energy in a research report on Wednesday, September 9th. They set a "hold" rating and a $193.00 price target for the company. Finally, Pickering Energy Partners assumed coverage on Gulfport Energy in a research note on Tuesday. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Gulfport Energy has a consensus rating of "Hold" and a consensus price target of $210.50.
Read Our Latest Analysis on Gulfport Energy
Gulfport Energy Company Profile
(
Get Free Report)
Gulfport Energy Corporation is an independent exploration and production company focused primarily on natural gas and natural gas liquids. The company develops and produces hydrocarbons from unconventional shale formations, with operations concentrated in the Appalachian Basin.
Gulfport's principal assets are located in eastern Ohio, where it holds acreage in the Utica and Marcellus shale plays. Its activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing natural gas, natural gas liquids and crude oil.
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