Gulfport Energy (NYSE:GPOR) SVP Sells $881,099.05 in Stock

Gulfport Energy Corporation (NYSE:GPOR) SVP Lester Zitkus sold 4,745 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $185.69, for a total value of $881,099.05. Following the completion of the sale, the senior vice president directly owned 7,821 shares of the company’s stock, valued at approximately $1,452,281.49. This trade represents a 37.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Gulfport Energy Price Performance

Shares of NYSE:GPOR traded down $5.13 on Friday, reaching $174.36. 276,114 shares of the company were exchanged, compared to its average volume of 365,184. The company has a 50-day moving average of $206.02 and a 200-day moving average of $187.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of -91.77 and a beta of 0.61. Gulfport Energy Corporation has a 1-year low of $153.27 and a 1-year high of $225.78.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $4.64 by ($1.51). The company had revenue of $379.75 million during the quarter, compared to analyst estimates of $343.18 million. Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%.

Hedge Funds Weigh In On Gulfport Energy

A number of institutional investors have recently made changes to their positions in GPOR. Vanguard Group Inc. boosted its stake in shares of Gulfport Energy by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock valued at $195,165,000 after acquiring an additional 68,664 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Gulfport Energy by 49.3% during the second quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock worth $113,700,000 after buying an additional 186,531 shares in the last quarter. State Street Corp grew its holdings in shares of Gulfport Energy by 1.8% during the second quarter. State Street Corp now owns 482,458 shares of the company’s stock worth $97,056,000 after buying an additional 8,668 shares in the last quarter. Millennium Management LLC raised its position in shares of Gulfport Energy by 1,281.6% in the third quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after buying an additional 395,197 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in shares of Gulfport Energy by 10.2% during the second quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company’s stock valued at $80,630,000 after buying an additional 36,953 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Gulfport Energy in a research note on Thursday, October 23rd. They set a “buy” rating and a $250.00 price target on the stock. Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Gulfport Energy in a report on Monday, December 29th. Evercore ISI raised their price target on Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a research report on Monday, November 10th. Finally, KeyCorp lifted their price target on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Gulfport Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.88.

Gulfport Energy Company Profile

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.