Gulfport Energy (NYSE:GPOR) CAO Matthew Willrath Sells 325 Shares

Gulfport Energy Corporation (NYSE:GPOR) CAO Matthew Willrath sold 325 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $389,129.70. The trade was a 13.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Gulfport Energy Stock Up 0.8%

GPOR stock opened at $181.92 on Friday. Gulfport Energy Corporation has a twelve month low of $149.18 and a twelve month high of $225.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The firm has a market cap of $3.22 billion, a PE ratio of 7.28 and a beta of 0.43. The business has a 50 day moving average of $164.80 and a 200 day moving average of $180.45.

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

Hedge Funds Weigh In On Gulfport Energy

Several hedge funds and other institutional investors have recently modified their holdings of GPOR. California State Teachers Retirement System grew its holdings in shares of Gulfport Energy by 16,390.6% in the second quarter. California State Teachers Retirement System now owns 3,099,740 shares of the company’s stock worth $526,026,000 after acquiring an additional 3,080,943 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Gulfport Energy by 4,946.1% in the first quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock valued at $98,892,000 after acquiring an additional 458,156 shares during the period. Millennium Management LLC lifted its holdings in Gulfport Energy by 1,281.6% in the third quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after acquiring an additional 395,197 shares during the period. Ninepoint Partners LP purchased a new position in Gulfport Energy in the fourth quarter worth about $41,598,000. Finally, Victory Capital Management Inc. grew its stake in shares of Gulfport Energy by 50.3% during the 4th quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock valued at $109,692,000 after purchasing an additional 176,386 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GPOR shares. Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Zacks Research cut shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Truist Financial dropped their target price on shares of Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a research note on Wednesday, August 5th. UBS Group cut their price target on shares of Gulfport Energy from $223.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings downgraded shares of Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Gulfport Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.11.

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.