Gulfport Energy (NYSE:GPOR) Director Sells 2,500 Shares of Stock

Gulfport Energy Corporation (NYSE:GPOR) Director Timothy Cutt sold 2,500 shares of the firm’s stock in a transaction dated 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 $4,294,526.74. This trade represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Gulfport Energy Trading Down 4.4%

Shares of GPOR stock traded down $7.08 during mid-day trading on Friday, reaching $154.83. 331,887 shares of the stock traded hands, compared to its average volume of 344,321. Gulfport Energy Corporation has a 1-year low of $149.18 and a 1-year high of $225.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 6.19 and a beta of 0.43. The stock’s fifty day simple moving average is $167.03 and its two-hundred day simple moving average is $176.76.

Gulfport Energy (NYSE:GPOR) last announced its earnings results on Monday, August 3rd. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $3.82 by $1.03. The business had revenue of $323.23 million for the quarter. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%. On average, research analysts anticipate that Gulfport Energy Corporation will post 22.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GPOR shares. Jefferies Financial Group cut Gulfport Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from $239.00 to $180.00 in a research note on Friday. UBS Group reiterated a “buy” rating and set a $223.00 price objective on shares of Gulfport Energy in a research note on Monday, September 14th. Truist Financial reduced their price objective on shares of Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $194.00 price target (down from $240.00) on shares of Gulfport Energy in a report on Tuesday, September 8th. Finally, Pickering Energy Partners assumed coverage on Gulfport Energy in a research note on Tuesday. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $210.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GPOR. Keybank National Association OH grew its position in Gulfport Energy by 1.2% during the 1st quarter. Keybank National Association OH now owns 5,881 shares of the company’s stock worth $1,244,000 after acquiring an additional 67 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Gulfport Energy by 9.3% in the second quarter. Central Pacific Bank Trust Division now owns 940 shares of the company’s stock worth $160,000 after acquiring an additional 80 shares during the last quarter. Allworth Financial LP grew its stake in shares of Gulfport Energy by 113.3% during the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. King Luther Capital Management Corp raised its position in Gulfport Energy by 0.4% in the 4th quarter. King Luther Capital Management Corp now owns 23,535 shares of the company’s stock worth $4,895,000 after purchasing an additional 102 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Gulfport Energy by 58.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock worth $68,000 after buying an additional 120 shares in the last quarter.

About Gulfport Energy

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.