Investors Buy Shares of Gulfport Energy Corp. (GPOR) on Weakness
Investors bought shares of Gulfport Energy Corp. (NASDAQ:GPOR) on weakness during trading hours on Tuesday. $44.07 million flowed into the stock on the tick-up and $27.32 million flowed out of the stock on the tick-down, for a money net flow of $16.75 million into the stock. Of all companies tracked, Gulfport Energy Corp. had the 28th highest net in-flow for the day. Gulfport Energy Corp. traded down ($0.12) for the day and closed at $29.03
A number of equities analysts recently issued reports on the stock. KLR Group lowered shares of Gulfport Energy Corp. from a “buy” rating to an “accumulate” rating and set a $34.00 target price on the stock. in a research report on Monday, June 13th. Deutsche Bank AG lowered shares of Gulfport Energy Corp. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $37.00 to $33.00 in a research report on Monday, June 13th. Zacks Investment Research raised shares of Gulfport Energy Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Tuesday, June 28th. Wunderlich boosted their target price on shares of Gulfport Energy Corp. from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 27th. Finally, Vetr raised shares of Gulfport Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $35.67 target price on the stock in a research report on Monday, July 11th. Nine analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.72.
The stock’s 50-day moving average is $28.36 and its 200 day moving average is $29.03. The firm’s market capitalization is $3.64 billion.
Gulfport Energy Corp. (NASDAQ:GPOR) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.11. Equities research analysts anticipate that Gulfport Energy Corp. will post $0.64 earnings per share for the current fiscal year.
In related news, CEO Michael G. Moore sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $32.95, for a total value of $659,000.00. Following the sale, 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 accessible through this link. Also, VP Stuart Maier sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $33.35, for a total value of $333,500.00. Following the completion of the sale, 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.
A hedge fund recently raised its stake in Gulfport Energy Corp. stock. Bank of Montreal Can boosted its position in shares of Gulfport Energy Corp. (NASDAQ:GPOR) by 431.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,480 shares of the company’s stock after buying an additional 36,925 shares during the period. Bank of Montreal Can’s holdings in Gulfport Energy Corp. were worth $1,118,000 as of its most recent SEC filing.
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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