Insider Selling: Gulfport Energy (NYSE:GPOR) Director Sells $155,154,102.80 in Stock

Gulfport Energy Corporation (NYSE:GPOR) Director Silver Point Capital L.P. sold 759,740 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $204.22, for a total transaction of $155,154,102.80. Following the sale, the director directly owned 2,690,145 shares in the company, valued at $549,381,411.90. The trade was a 22.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Silver Point Capital L.P. also recently made the following trade(s):

• On Tuesday, March 3rd, Silver Point Capital L.P. sold 84,416 shares of Gulfport Energy stock. The shares were sold at an average price of $204.22, for a total value of $17,239,435.52.

Gulfport Energy Price Performance

Shares of NYSE:GPOR opened at $212.08 on Friday. The company has a market capitalization of $3.94 billion, a PE ratio of 10.43 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.68. Gulfport Energy Corporation has a 1-year low of $153.27 and a 1-year high of $225.78. The business has a fifty day moving average price of $197.66 and a 200-day moving average price of $193.01.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GPOR. UBS Group boosted their price objective on shares of Gulfport Energy from $264.00 to $267.00 and gave the company a “buy” rating in a report on Thursday. Wolfe Research cut shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, January 5th. TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. Tudor Pickering lowered shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Wall Street Zen downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $227.44.

Hedge Funds Weigh In On Gulfport Energy

A number of institutional investors and hedge funds have recently made changes to their positions in GPOR. Millennium Management LLC raised its position in shares of Gulfport Energy by 1,281.6% during the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after purchasing an additional 395,197 shares during the period. Goldentree Asset Management LP bought a new position in Gulfport Energy in the 3rd quarter worth $44,665,000. Ninepoint Partners LP purchased a new stake in Gulfport Energy in the 4th quarter worth $41,598,000. Victory Capital Management Inc. increased its stake in Gulfport Energy by 50.3% in the 4th quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock worth $109,692,000 after buying an additional 176,386 shares in the last quarter. Finally, Whitebox Advisors LLC raised its holdings in Gulfport Energy by 148.6% during the third quarter. Whitebox Advisors LLC now owns 274,627 shares of the company’s stock valued at $49,702,000 after acquiring an additional 164,178 shares during the period.

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.