Gulfport Energy (NYSE:GPOR) Director Silver Point Capital L.P. Sells 45,546 Shares

Gulfport Energy Corporation (NYSE:GPOR) Director Silver Point Capital L.P. sold 45,546 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $219.56, for a total value of $10,000,079.76. Following the sale, the director directly owned 3,449,885 shares in the company, valued at $757,456,750.60. This represents a 1.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Silver Point Capital L.P. also recently made the following trade(s):

• On Monday, December 1st, Silver Point Capital L.P. sold 244,489 shares of Gulfport Energy stock. The shares were sold at an average price of $219.56, for a total value of $53,680,004.84.

Gulfport Energy Stock Up 2.3%

Shares of GPOR traded up $4.79 during trading hours on Wednesday, hitting $217.50. 307,088 shares of the company were exchanged, compared to its average volume of 258,424. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. Gulfport Energy Corporation has a fifty-two week low of $153.27 and a fifty-two week high of $225.78. The stock has a market capitalization of $4.20 billion, a P/E ratio of -114.47 and a beta of 0.60. The business’s fifty day simple moving average is $194.30.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GPOR shares. KeyCorp upped their price target on shares of Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Zacks Research upgraded shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. William Blair started coverage on Gulfport Energy in a report on Monday, August 25th. They issued an “outperform” rating on the stock. Roth Capital initiated coverage on Gulfport Energy in a report on Monday, October 13th. They set a “neutral” rating and a $200.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $221.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GPOR. Advisory Services Network LLC bought a new position in shares of Gulfport Energy during the third quarter worth about $28,000. Financial Consulate Inc. bought a new stake in Gulfport Energy in the third quarter valued at approximately $31,000. Federated Hermes Inc. increased its position in Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in shares of Gulfport Energy in the 2nd quarter worth approximately $85,000.

About Gulfport Energy

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.