Gulfport Energy (NYSE:GPOR) Stock Price Down 5% – Should You Sell?

Gulfport Energy Corporation (NYSE:GPOR)’s stock price fell 5% during trading on Wednesday . The stock traded as low as $166.76 and last traded at $167.0770. Approximately 71,507 shares traded hands during trading, a decline of 79% from the average session volume of 343,661 shares. The stock had previously closed at $175.95.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Truist Financial decreased their target price on shares of Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research note on Wednesday, August 5th. UBS Group restated a “buy” rating and issued a $223.00 price target on shares of Gulfport Energy in a research note on Monday. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Weiss Ratings cut Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Finally, Stifel Nicolaus initiated coverage on Gulfport Energy in a research note on Wednesday, September 9th. They set a “hold” rating and a $193.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $217.50.

Gulfport Energy Stock Performance

The firm has a market capitalization of $2.97 billion, a P/E ratio of 6.69 and a beta of 0.43. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $166.39 and its two-hundred day simple moving average is $179.17.

Gulfport Energy (NYSE:GPOR) last issued its earnings results on Monday, August 3rd. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.82 by $1.03. The business had revenue of $323.23 million during the quarter. Gulfport Energy had a net margin of 32.28% and a return on equity of 21.87%. Sell-side analysts anticipate that Gulfport Energy Corporation will post 22.25 EPS for the current fiscal year.

Insider Activity at Gulfport Energy

In other Gulfport Energy news, CAO Matthew Willrath sold 325 shares of Gulfport Energy stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $182.69, for a total value of $59,374.25. Following the completion of the sale, the chief accounting officer owned 2,130 shares of the company’s stock, valued at approximately $389,129.70. This trade represents a 13.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Domenic J. Dell’osso, Jr. purchased 1,600 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of $160.61 per share, with a total value of $256,976.00. Following the purchase, the chief executive officer directly owned 24,349 shares of the company’s stock, valued at approximately $3,910,692.89. The trade was a 7.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Gulfport Energy

Several institutional investors have recently modified their holdings of the business. Tidal Investments LLC lifted its stake in Gulfport Energy by 47.9% during the 2nd quarter. Tidal Investments LLC now owns 9,762 shares of the company’s stock valued at $1,657,000 after acquiring an additional 3,160 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Gulfport Energy in the second quarter worth approximately $59,000. Allworth Financial LP grew its stake in shares of Gulfport Energy by 159.3% in the second quarter. Allworth Financial LP now owns 350 shares of the company’s stock worth $59,000 after acquiring an additional 215 shares during the period. AlphaGrep UK Ltd purchased a new position in shares of Gulfport Energy during the second quarter valued at approximately $233,000. Finally, AXQ Capital LP bought a new position in Gulfport Energy during the second quarter valued at approximately $325,000.

About Gulfport Energy

Gulfport Energy Corporation is an independent exploration and production company focused primarily on natural gas and natural gas liquids. The company develops and produces hydrocarbons from unconventional shale formations, with operations concentrated in the Appalachian Basin.

Gulfport’s principal assets are located in eastern Ohio, where it holds acreage in the Utica and Marcellus shale plays. Its activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing natural gas, natural gas liquids and crude oil.