Gulfport Energy Corp. (GPOR) Stock Price Up 1.8%
Gulfport Energy Corp. (NASDAQ:GPOR) shares rose 1.8% during trading on Friday . The stock traded as high as $28.47 and last traded at $28.29, with a volume of 1,858,306 shares. The stock had previously closed at $27.79.
GPOR has been the subject of several research analyst reports. Howard Weil boosted their target price on Gulfport Energy Corp. from $33.00 to $34.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 6th. Scotiabank reissued a “sector outperform” rating and set a $34.00 target price (up previously from $33.00) on shares of Gulfport Energy Corp. in a research note on Saturday, May 7th. Credit Suisse Group AG reissued a “buy” rating on shares of Gulfport Energy Corp. in a research note on Sunday, May 8th. Sterne Agee CRT reissued a “buy” rating on shares of Gulfport Energy Corp. in a research note on Monday, May 16th. Finally, Jefferies Group reissued a “buy” rating on shares of Gulfport Energy Corp. in a research note on Sunday, May 22nd. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Gulfport Energy Corp. has a consensus rating of “Buy” and a consensus target price of $36.75.
The firm’s market capitalization is $3.58 billion. The stock’s 50 day moving average is $28.46 and its 200 day moving average is $28.99.
Gulfport Energy Corp. (NASDAQ:GPOR) last posted its earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.11. On average, equities research analysts predict that Gulfport Energy Corp. will post $0.63 earnings per share for the current year.
In other news, CEO Michael G. Moore sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $32.95, for a total transaction of $659,000.00. Following the transaction, the chief executive officer now directly owns 226,175 shares of the company’s stock, valued at $7,452,466.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Stuart Maier sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $33.35, for a total value of $333,500.00. Following the transaction, the vice president now directly owns 20,366 shares in the company, valued at $679,206.10. The disclosure for this sale can be found here.
Several institutional investors have bought and sold shares of GPOR. Bank of Montreal Can boosted its position in Gulfport Energy Corp. by 431.6% in the fourth quarter. Bank of Montreal Can now owns 45,480 shares of the company’s stock valued at $1,118,000 after buying an additional 36,925 shares during the period. I.G. Investment Management LTD. boosted its stake in shares of Gulfport Energy Corp. by 0.7% in the fourth quarter. I.G. Investment Management LTD. now owns 77,720 shares of the company’s stock valued at $1,910,000 after buying an additional 545 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake 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 valued at $17,637,000 after buying an additional 173,146 shares during 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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