Gulfport Energy (NYSE:GPOR) SVP Sells $2,085,930.00 in Stock

Gulfport Energy Corporation (NYSE:GPOR) SVP Michael Sluiter sold 9,933 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $210.00, for a total value of $2,085,930.00. Following the sale, the senior vice president owned 11,980 shares of the company’s stock, valued at approximately $2,515,800. The trade was a 45.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gulfport Energy Stock Performance

NYSE:GPOR traded up $2.10 during trading hours on Tuesday, hitting $211.23. 759,187 shares of the company traded hands, compared to its average volume of 331,913. The firm has a 50-day moving average of $197.52 and a 200 day moving average of $192.43. Gulfport Energy Corporation has a twelve month low of $153.27 and a twelve month high of $225.78. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 10.39 and a beta of 0.61.

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 analysts’ consensus estimates of $5.61 by ($0.01). The firm had revenue of $398.19 million for the quarter, compared to analyst estimates of $373.24 million. Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Evercore upped their price objective on shares of Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research note on Monday, November 10th. Tudor Pickering downgraded Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Wolfe Research lowered shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, January 5th. KeyCorp lifted their price objective on Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Finally, Weiss Ratings upgraded Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Gulfport Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.20.

Institutional Investors Weigh In On Gulfport Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Global Alpha Capital Management Ltd. boosted its position in shares of Gulfport Energy by 4.5% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 163,160 shares of the company’s stock worth $32,823,000 after acquiring an additional 7,000 shares in the last quarter. Coastal Bridge Advisors LLC bought a new stake in Gulfport Energy during the 3rd quarter worth $1,837,000. Stephens Investment Management Group LLC increased its stake in shares of 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. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Gulfport Energy in the 2nd quarter valued at approximately $1,367,000. Finally, Assenagon Asset Management S.A. raised its position in Gulfport Energy by 45.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 62,221 shares of the company’s stock worth $11,261,000 after purchasing an additional 19,458 shares during the last quarter.

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.