Gulfport Energy (NYSE:GPOR) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Gulfport Energy (NYSE:GPOR) released its earnings results on Tuesday. The company reported $5.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.61 by ($0.01), Zacks reports. The company had revenue of $398.19 million for the quarter, compared to the consensus estimate of $373.24 million. Gulfport Energy had a return on equity of 22.10% and a net margin of 30.01%.

Gulfport Energy Stock Performance

Shares of GPOR traded up $2.57 during midday trading on Thursday, reaching $202.24. 60,950 shares of the stock were exchanged, compared to its average volume of 311,258. The stock’s 50 day simple moving average is $197.11 and its 200 day simple moving average is $191.12. The company has a market cap of $3.91 billion, a P/E ratio of 9.95 and a beta of 0.61. Gulfport Energy has a twelve month low of $153.27 and a twelve month high of $225.78. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39.

Insider Buying and Selling at Gulfport Energy

In other news, Director Timothy J. Cutt sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $214.74, for a total transaction of $536,850.00. Following the transaction, the director directly owned 31,255 shares of the company’s stock, valued at approximately $6,711,698.70. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew Rucker sold 10,732 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $186.61, for a total transaction of $2,002,698.52. Following the completion of the sale, the chief operating officer owned 12,893 shares of the company’s stock, valued at approximately $2,405,962.73. The trade was a 45.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 308,012 shares of company stock valued at $67,100,732. 0.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gulfport Energy

Hedge funds have recently added to or reduced their stakes in the stock. Polymer Capital Management US LLC lifted its position in shares of Gulfport Energy by 3.8% during the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock valued at $397,000 after acquiring an additional 81 shares during the period. Rafferty Asset Management LLC increased its position in shares of Gulfport Energy by 0.6% in the second quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock worth $3,588,000 after purchasing an additional 108 shares during the period. Fiduciary Trust Co raised its stake in Gulfport Energy by 13.4% in the third quarter. Fiduciary Trust Co now owns 1,272 shares of the company’s stock valued at $230,000 after purchasing an additional 150 shares in the last quarter. Advisory Services Network LLC bought a new stake in Gulfport Energy during the third quarter worth about $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Gulfport Energy by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock worth $1,391,000 after buying an additional 181 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GPOR shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Gulfport Energy in a research note on Monday, December 29th. Mizuho lifted their price objective on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Evercore upped their target price on shares of Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a report on Monday, November 10th. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. Finally, Wolfe Research cut Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $227.20.

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.