Gulfport Energy Corporation (NASDAQ:GPOR) Director Craig Groeschel sold 7,059 shares of Gulfport Energy stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $12.16, for a total transaction of $85,837.44. Following the transaction, the director now directly owns 18,389 shares in the company, valued at approximately $223,610.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Gulfport Energy Corporation (NASDAQ GPOR) traded up $0.30 during trading on Thursday, hitting $13.01. 335,721 shares of the stock were exchanged, compared to its average volume of 3,300,000. The company has a market capitalization of $2,380.00, a PE ratio of -48.19, a PEG ratio of 0.27 and a beta of 0.69. Gulfport Energy Corporation has a 52 week low of $10.90 and a 52 week high of $22.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57.
Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). The business had revenue of $265.50 million during the quarter, compared to the consensus estimate of $302.33 million. Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The company’s revenue was up 37.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. equities analysts anticipate that Gulfport Energy Corporation will post 1.36 EPS for the current year.
Several brokerages have commented on GPOR. Barclays downgraded shares of Gulfport Energy from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a report on Monday, November 20th. Piper Jaffray Companies restated a “buy” rating and set a $20.00 target price on shares of Gulfport Energy in a report on Tuesday. Credit Suisse Group started coverage on shares of Gulfport Energy in a report on Monday, December 11th. They set a “neutral” rating and a $15.00 target price on the stock. Williams Capital set a $18.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Monday, November 27th. Finally, Scotiabank restated a “buy” rating and set a $23.00 target price on shares of Gulfport Energy in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Gulfport Energy currently has an average rating of “Buy” and an average price target of $20.86.
A number of institutional investors and hedge funds have recently bought and sold shares of GPOR. Janus Henderson Group PLC bought a new stake in Gulfport Energy during the second quarter worth about $77,784,000. Victory Capital Management Inc. raised its stake in Gulfport Energy by 246.5% during the third quarter. Victory Capital Management Inc. now owns 3,015,217 shares of the oil and gas producer’s stock worth $43,239,000 after acquiring an additional 2,145,082 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Gulfport Energy by 57.7% during the third quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock worth $73,731,000 after acquiring an additional 1,881,196 shares in the last quarter. Kingdon Capital Management L.L.C. acquired a new position in Gulfport Energy during the second quarter worth about $15,934,000. Finally, State Street Corp raised its stake in Gulfport Energy by 15.1% during the second quarter. State Street Corp now owns 7,443,039 shares of the oil and gas producer’s stock worth $109,780,000 after acquiring an additional 979,127 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.
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Gulfport Energy Company Profile
Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.
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