Gulfport Energy (NYSE:GPOR) SVP Michael Sluiter Sells 9,933 Shares of Stock

Gulfport Energy Corporation (NYSE:GPOR) SVP Michael Sluiter sold 9,933 shares of Gulfport Energy stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $210.00, for a total value of $2,085,930.00. Following the sale, the senior vice president directly owned 11,980 shares of the company’s stock, valued at approximately $2,515,800. The trade was a 45.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gulfport Energy Stock Up 1.0%

GPOR stock opened at $211.23 on Wednesday. Gulfport Energy Corporation has a fifty-two week low of $153.27 and a fifty-two week high of $225.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 10.39 and a beta of 0.61. The business’s fifty day moving average price is $197.52 and its two-hundred day moving average price is $192.43.

Gulfport Energy (NYSE:GPOR) last announced its earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). Gulfport Energy had a net margin of 30.01% and a return on equity of 21.85%. The business had revenue of $398.19 million during the quarter, compared to the consensus estimate of $373.24 million.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GPOR shares. Wall Street Zen downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday. Mizuho lifted their price objective on Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Tudor Pickering downgraded Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Evercore boosted their price target on Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Gulfport Energy has a consensus rating of “Moderate Buy” and a consensus target price of $227.20.

Hedge Funds Weigh In On Gulfport Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. 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 worth $397,000 after buying an additional 81 shares during the last quarter. Allworth Financial LP raised its stake in Gulfport Energy by 113.3% during the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after acquiring an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Gulfport Energy by 3.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company’s stock worth $615,000 after acquiring an additional 94 shares during the last quarter. King Luther Capital Management Corp boosted its stake in shares of Gulfport Energy by 0.4% in the 4th quarter. King Luther Capital Management Corp now owns 23,535 shares of the company’s stock valued at $4,895,000 after purchasing an additional 102 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its stake in shares of Gulfport Energy by 0.6% in the 2nd quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock valued at $3,588,000 after purchasing an additional 108 shares in the last quarter.

About Gulfport Energy

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.