Insider Selling: Gulfport Energy (NYSE:GPOR) Director Sells $17,239,435.52 in Stock

Gulfport Energy Corporation (NYSE:GPOR) Director Silver Point Capital L.P. sold 84,416 shares of Gulfport Energy stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $204.22, for a total transaction of $17,239,435.52. Following the completion of the sale, the director owned 2,605,729 shares of the company’s stock, valued at approximately $532,141,976.38. This trade represents a 3.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, March 2nd, Silver Point Capital L.P. sold 759,740 shares of Gulfport Energy stock. The shares were sold at an average price of $204.22, for a total transaction of $155,154,102.80.

Gulfport Energy Trading Up 0.8%

NYSE GPOR opened at $212.08 on Friday. The company has a market capitalization of $3.94 billion, a price-to-earnings 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 12 month low of $153.27 and a 12 month high of $225.78. The company’s fifty day moving average price is $197.66 and its two-hundred day moving average price is $193.01.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Gulfport Energy by 6.8% in the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock worth $195,165,000 after buying an additional 68,664 shares during the period. Jennison Associates LLC boosted its holdings in shares of Gulfport Energy by 14.2% during the fourth quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock valued at $139,662,000 after acquiring an additional 83,613 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Gulfport Energy by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 595,613 shares of the company’s stock valued at $123,892,000 after acquiring an additional 34,716 shares during the period. Victory Capital Management Inc. grew its position in shares of Gulfport Energy by 50.3% during the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock worth $109,692,000 after acquiring an additional 176,386 shares during the last quarter. Finally, State Street Corp grew its position in shares of Gulfport Energy by 1.8% during the second quarter. State Street Corp now owns 482,458 shares of the company’s stock worth $97,056,000 after acquiring an additional 8,668 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GPOR. UBS Group boosted their price objective on Gulfport Energy from $264.00 to $267.00 and gave the company a “buy” rating in a report on Thursday. Evercore lifted their target price on Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research report on Monday, November 10th. Wolfe Research downgraded Gulfport Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, January 5th. Tudor Pickering lowered Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.44.

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.