Gulfport Energy (NYSE:GPOR) SVP Sells $881,099.05 in Stock

Gulfport Energy Corporation (NYSE:GPOR) SVP Lester Zitkus sold 4,745 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $185.69, for a total value of $881,099.05. Following the completion of the sale, the senior vice president directly owned 7,821 shares in the company, valued at $1,452,281.49. This represents a 37.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Gulfport Energy Stock Down 2.9%

Shares of Gulfport Energy stock traded down $5.13 on Friday, reaching $174.36. 276,114 shares of the company were exchanged, compared to its average volume of 365,184. The stock’s 50 day moving average price is $206.02 and its 200-day moving average price is $187.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. Gulfport Energy Corporation has a 1-year low of $153.27 and a 1-year high of $225.78. The company has a market cap of $3.37 billion, a P/E ratio of -91.77 and a beta of 0.61.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.The firm had revenue of $379.75 million during the quarter, compared to analysts’ expectations of $343.18 million.

Institutional Trading of Gulfport Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new position in Gulfport Energy during the first quarter worth about $239,000. Rhumbline Advisers increased its position in Gulfport Energy by 1.2% during the 1st quarter. Rhumbline Advisers now owns 20,623 shares of the company’s stock worth $3,798,000 after purchasing an additional 248 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Gulfport Energy by 337.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company’s stock worth $12,412,000 after buying an additional 47,600 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Gulfport Energy during the 2nd quarter worth approximately $263,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Gulfport Energy in the 2nd quarter valued at approximately $557,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GPOR shares. Wolfe Research lowered Gulfport Energy from an “outperform” rating to a “peer perform” rating in a report on Monday. Mizuho upped their price objective on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Tudor Pickering cut shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. KeyCorp increased their target price on shares of Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Finally, Roth Capital assumed coverage on Gulfport Energy in a report on Monday, October 13th. They set a “neutral” rating and a $200.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $230.88.

Gulfport Energy Company Profile

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.