Insider Selling: Gulfport Energy (NYSE:GPOR) Director Sells 400 Shares of Stock

Gulfport Energy Corporation (NYSE:GPOR) Director Jason Joseph Martinez sold 400 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total value of $85,360.00. Following the completion of the transaction, the director directly owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. This trade represents a 9.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gulfport Energy Stock Performance

GPOR stock traded down $0.16 during trading on Friday, hitting $206.84. 336,894 shares of the company traded hands, compared to its average volume of 371,912. Gulfport Energy Corporation has a 1 year low of $153.27 and a 1 year high of $225.78. The company has a market cap of $3.84 billion, a PE ratio of 10.17 and a beta of 0.59. The stock’s 50-day simple moving average is $203.50 and its 200 day simple moving average is $197.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.68.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 EPS for the quarter, missing the consensus estimate of $5.61 by ($0.01). The company had revenue of $398.19 million during the quarter, compared to analysts’ expectations of $373.24 million. Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.

Hedge Funds Weigh In On Gulfport Energy

A number of large investors have recently added to or reduced their stakes in GPOR. Advisory Services Network LLC acquired a new stake in shares of Gulfport Energy in the third quarter valued at about $28,000. Allworth Financial LP lifted its stake in Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after buying an additional 85 shares in the last quarter. Financial Consulate Inc. acquired a new stake in Gulfport Energy in the 3rd quarter worth about $31,000. Federated Hermes Inc. boosted its holdings in Gulfport Energy by 133.7% in the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after buying an additional 127 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake 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 buying an additional 197 shares in the last quarter.

Analyst Upgrades and Downgrades

GPOR has been the subject of a number of recent analyst reports. Wolfe Research cut shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, January 5th. JPMorgan Chase & Co. raised their target price on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. Truist Financial started coverage on Gulfport Energy in a report on Tuesday, March 24th. They issued a “hold” rating and a $230.00 price target for the company. Finally, Mizuho increased their price target on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Gulfport Energy has an average rating of “Moderate Buy” and a consensus price target of $228.90.

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.