Gulfport Energy Corp. (GPOR) Trading Down 2.9%
Gulfport Energy Corp. (NASDAQ:GPOR)’s share price fell 2.9% on Monday . The stock traded as low as $28.44 and last traded at $28.74, with a volume of 888,810 shares trading hands. The stock had previously closed at $29.59.
Several brokerages have weighed in on GPOR. Howard Weil raised their price objective on Gulfport Energy Corp. from $33.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Friday, May 6th. Credit Suisse Group AG restated a “buy” rating on shares of Gulfport Energy Corp. in a research note on Sunday, May 8th. Zacks Investment Research cut Gulfport Energy Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. Sterne Agee CRT restated a “buy” rating on shares of Gulfport Energy Corp. in a research note on Monday, May 16th. Finally, Jefferies Group reiterated a “buy” rating on shares of Gulfport Energy Corp. in a research note on Sunday, May 22nd. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Gulfport Energy Corp. has an average rating of “Buy” and a consensus target price of $37.80.
The firm has a 50 day moving average price of $31.51 and a 200-day moving average price of $28.78. The stock’s market capitalization is $3.62 billion.
Gulfport Energy Corp. (NASDAQ:GPOR) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm earned $156.96 million during the quarter, compared to analyst estimates of $161.76 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The business’s quarterly revenue was down 11.0% compared to the same quarter last year. Analysts expect that Gulfport Energy Corp. will post $0.44 earnings per share for the current fiscal year.
In other Gulfport Energy Corp. news, CEO Michael G. Moore sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $32.95, for a total value of $659,000.00. Following the transaction, the chief executive officer now owns 226,175 shares in the company, valued at approximately $7,452,466.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stuart Maier sold 10,000 shares of the business’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $33.35, for a total transaction of $333,500.00. Following the completion of the transaction, the vice president now owns 20,366 shares in the company, valued at approximately $679,206.10. The disclosure for this sale can be found here.
A number of institutional investors have recently modified their holdings of GPOR. Marshall Wace LLP raised its position in shares of Gulfport Energy Corp. by 997.6% in the fourth quarter. Marshall Wace LLP now owns 390,960 shares of the company’s stock worth $9,606,000 after buying an additional 355,341 shares in the last quarter. Boston Partners raised its position in shares of Gulfport Energy Corp. by 152.1% in the fourth quarter. Boston Partners now owns 378,480 shares of the company’s stock worth $9,299,000 after buying an additional 228,320 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Gulfport Energy Corp. by 31.8% in the fourth quarter. Wells Fargo & Company MN now owns 717,796 shares of the company’s stock worth $17,637,000 after buying an additional 173,146 shares in the last quarter. UBS Oconnor LLC purchased a new position in shares of Gulfport Energy Corp. during the fourth quarter worth approximately $3,705,000. Finally, Standard Life Investments LTD raised its position in shares of Gulfport Energy Corp. by 4.7% in the fourth quarter. Standard Life Investments LTD now owns 2,305,631 shares of the company’s stock worth $56,673,000 after buying an additional 103,183 shares in the last quarter.
Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects.
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