Gulfport Energy (NYSE:GPOR) Director Sells $85,360.00 in Stock

Gulfport Energy Corporation (NYSE:GPOR) Director Jason Joseph Martinez sold 400 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total value of $85,360.00. Following the completion of the transaction, the director directly owned 3,888 shares of the company’s stock, valued at $829,699.20. This represents a 9.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gulfport Energy Stock Down 0.1%

Shares of NYSE GPOR opened at $206.84 on Monday. The company has a 50 day simple moving average of $203.50 and a 200 day simple moving average of $197.88. 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 firm has a market cap of $3.84 billion, a PE ratio of 10.17 and a beta of 0.59.

Gulfport Energy (NYSE:GPOR) last announced its quarterly 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 business had revenue of $398.19 million during the quarter, compared to analyst estimates of $373.24 million. Gulfport Energy had a net margin of 30.01% and a return on equity of 21.85%.

Wall Street Analyst Weigh In

GPOR has been the subject of a number of recent research reports. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. UBS Group upped their price target on Gulfport Energy from $264.00 to $267.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Wolfe Research cut Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Mizuho raised their price objective on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Gulfport Energy has a consensus rating of “Moderate Buy” and an average price target of $228.90.

Institutional Trading of Gulfport Energy

A number of institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Gulfport Energy by 20,951.9% during the 3rd quarter. IFP Advisors Inc now owns 10,947 shares of the company’s stock valued at $1,981,000 after purchasing an additional 10,895 shares in the last quarter. Victory Capital Management Inc. grew its stake in Gulfport Energy by 67.9% during the third quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock worth $63,525,000 after purchasing an additional 142,002 shares during the period. Coastal Bridge Advisors LLC bought a new stake in Gulfport Energy in the third quarter worth approximately $1,837,000. Lighthouse Investment Partners LLC acquired a new position in Gulfport Energy in the third quarter valued at approximately $13,574,000. Finally, Stephens Investment Management Group LLC lifted its stake in Gulfport Energy by 29.0% in the third quarter. Stephens Investment Management Group LLC now owns 48,001 shares of the company’s stock valued at $8,687,000 after buying an additional 10,786 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.