Gulfport Energy (NYSE:GPOR) Announces Quarterly Earnings Results

Gulfport Energy (NYSE:GPOR) released its quarterly earnings results on Tuesday. The company reported $5.60 EPS for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01), Zacks reports. Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.

Gulfport Energy Stock Down 0.8%

Shares of GPOR traded down $1.55 on Tuesday, hitting $196.45. 306,814 shares of the stock traded hands, compared to its average volume of 310,703. Gulfport Energy has a one year low of $153.27 and a one year high of $225.78. The company has a market capitalization of $3.80 billion, a PE ratio of -103.40 and a beta of 0.61. The business has a 50 day simple moving average of $197.20 and a 200 day simple moving average of $190.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54.

Insiders Place Their Bets

In related news, Director Silver Point Capital L.P. sold 45,546 shares of Gulfport Energy stock in a transaction dated 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 completion of the sale, the director directly owned 3,449,885 shares in the company, valued at approximately $757,456,750.60. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy J. Cutt sold 2,500 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $214.74, for a total transaction of $536,850.00. Following the transaction, the director owned 31,255 shares in the company, valued at $6,711,698.70. This represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 308,012 shares of company stock worth $67,100,732 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Polymer Capital Management US LLC boosted its holdings in Gulfport Energy by 3.8% in the third quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock worth $397,000 after purchasing an additional 81 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Gulfport Energy by 0.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock valued at $3,588,000 after buying an additional 108 shares during the period. Fiduciary Trust Co lifted its holdings in shares of Gulfport Energy by 13.4% during the 3rd quarter. Fiduciary Trust Co now owns 1,272 shares of the company’s stock valued at $230,000 after buying an additional 150 shares during the period. Advisory Services Network LLC purchased a new position in shares of Gulfport Energy in the 3rd quarter worth $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Gulfport Energy by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock worth $1,391,000 after acquiring an additional 181 shares during the period.

Wall Street Analyst Weigh In

GPOR has been the topic of a number of research analyst reports. Mizuho increased their target price on Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. KeyCorp increased their price objective on Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Evercore boosted their target price on Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research report on Monday, November 10th. Wall Street Zen raised Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Sunday, January 25th. Finally, TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $227.20.

About Gulfport Energy

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.