Gulfport Energy (NYSE:GPOR) Director David Wolf Sells 1,525 Shares

Gulfport Energy Corporation (NYSE:GPOR) Director David Wolf sold 1,525 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $210.27, for a total value of $320,661.75. Following the sale, the director owned 4,462 shares in the company, valued at approximately $938,224.74. This represents a 25.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Gulfport Energy Stock Down 2.2%

Shares of NYSE:GPOR traded down $4.74 on Friday, hitting $206.50. 28,637 shares of the company traded hands, compared to its average volume of 258,279. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42. Gulfport Energy Corporation has a 52 week low of $153.27 and a 52 week high of $215.57. The company has a market capitalization of $3.99 billion, a P/E ratio of -28.76 and a beta of 0.62. The business has a 50 day moving average price of $183.69.

Gulfport Energy (NYSE:GPOR) last released its 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 positive return on equity of 18.89% and a negative net margin of 9.14%.The business had revenue of $379.75 million during the quarter, compared to analysts’ expectations of $343.18 million.

Analyst Upgrades and Downgrades

GPOR has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research note on Monday. Mizuho cut their price objective on shares of Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Evercore ISI increased their price target on Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Gulfport Energy currently has an average rating of “Moderate Buy” and a consensus target price of $221.25.

Hedge Funds Weigh In On Gulfport Energy

Institutional investors have recently bought and sold shares of the business. Financial Consulate Inc. acquired a new stake in Gulfport Energy during the 3rd quarter worth about $31,000. Federated Hermes Inc. grew its position in Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after purchasing an additional 127 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in Gulfport Energy during the second quarter valued at approximately $85,000. Finally, Assetmark Inc. grew its position in Gulfport Energy by 50.5% during the second quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after buying an additional 168 shares during the period.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.