Insider Selling: Gulfport Energy (NYSE:GPOR) CAO Sells $59,374.25 in Stock

Gulfport Energy Corporation (NYSE:GPORGet Free Report) CAO Matthew Willrath sold 325 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $182.69, for a total transaction of $59,374.25. Following the transaction, the chief accounting officer directly owned 2,130 shares of the company’s stock, valued at approximately $389,129.70. This trade represents a 13.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Gulfport Energy Price Performance

Shares of GPOR opened at $178.92 on Friday. The firm has a 50-day simple moving average of $165.13 and a two-hundred day simple moving average of $180.44. The stock has a market cap of $3.16 billion, a PE ratio of 7.16 and a beta of 0.43. Gulfport Energy Corporation has a 1-year low of $149.18 and a 1-year high of $225.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.58.

Gulfport Energy (NYSE:GPORGet Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $3.82 by $1.03. The firm had revenue of $323.23 million for the quarter. Gulfport Energy had a net margin of 32.28% and a return on equity of 21.87%. As a group, analysts forecast that Gulfport Energy Corporation will post 22.25 EPS for the current year.

Institutional Investors Weigh In On Gulfport Energy

Hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in shares of Gulfport Energy by 16,390.6% in the second quarter. California State Teachers Retirement System now owns 3,099,740 shares of the company’s stock worth $526,026,000 after acquiring an additional 3,080,943 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Gulfport Energy by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company’s stock valued at $133,317,000 after acquiring an additional 34,486 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Gulfport Energy by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock valued at $109,692,000 after acquiring an additional 176,386 shares in the last quarter. State Street Corp boosted its holdings in Gulfport Energy by 1.8% in the second quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after purchasing an additional 8,668 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Gulfport Energy by 4,946.1% in the first quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock valued at $98,892,000 after purchasing an additional 458,156 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings cut Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Truist Financial dropped their price objective on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research note on Wednesday, August 5th. UBS Group cut their price objective on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. Finally, Zacks Research cut Gulfport Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Gulfport Energy presently has a consensus rating of “Moderate Buy” and an average target price of $223.11.

View Our Latest Stock Analysis on Gulfport Energy

Gulfport Energy Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Gulfport Energy (NYSE:GPOR)

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