Gulfport Energy (NYSE:GPOR) Director Timothy Cutt Sells 2,500 Shares

Gulfport Energy Corporation (NYSE:GPOR) Director Timothy Cutt sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $214.74, for a total value of $536,850.00. Following the transaction, the director owned 31,255 shares in the company, valued at approximately $6,711,698.70. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Gulfport Energy Stock Down 2.4%

NYSE GPOR opened at $208.00 on Thursday. Gulfport Energy Corporation has a 1 year low of $153.27 and a 1 year high of $225.78. The stock has a market capitalization of $4.02 billion, a PE ratio of -109.47 and a beta of 0.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. The business’s 50-day moving average is $205.08 and its 200 day moving average is $188.27.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on GPOR shares. Tudor Pickering downgraded shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Mizuho upped their price objective on Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Gulfport Energy in a report on Monday. Wall Street Zen raised Gulfport Energy from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Jefferies Financial Group initiated coverage on Gulfport Energy in a report on Thursday, October 23rd. They issued a “buy” rating and a $250.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.88.

Institutional Trading of Gulfport Energy

Several institutional investors have recently made changes to their positions in GPOR. Advisory Services Network LLC purchased a new stake in shares of Gulfport Energy in the third quarter worth about $28,000. Financial Consulate Inc. bought a new position in Gulfport Energy during the 3rd quarter valued at about $31,000. Federated Hermes Inc. lifted its stake in shares of Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after acquiring an additional 127 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in Gulfport Energy in the 2nd quarter valued at about $85,000.

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.