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

Gulfport Energy Corporation (NYSE:GPOR) Director Timothy Cutt sold 2,500 shares of the firm’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $214.74, for a total value of $536,850.00. Following the completion of the transaction, the director owned 31,255 shares in the company, valued at $6,711,698.70. The trade was a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Gulfport Energy Price Performance

Shares of NYSE GPOR opened at $208.00 on Friday. The firm has a 50-day simple moving average of $205.53 and a 200-day simple moving average of $188.41. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of -109.47 and a beta of 0.60. Gulfport Energy Corporation has a 52 week low of $153.27 and a 52 week high of $225.78.

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

Wall Street Analysts Forecast Growth

GPOR has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a report on Monday. UBS Group upped their target price on Gulfport Energy from $227.00 to $264.00 and gave the company a “buy” rating in a report on Friday, December 12th. KeyCorp lifted their price target on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Tudor Pickering lowered shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Finally, Jefferies Financial Group started coverage on shares of Gulfport Energy in a research report on Thursday, October 23rd. They set a “buy” rating and a $250.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $230.88.

Hedge Funds Weigh In On Gulfport Energy

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

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.