Gulfport Energy Corporation (NASDAQ:GPOR) CFO Keri Crowell sold 16,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $12.16, for a total transaction of $194,560.00. Following the transaction, the chief financial officer now owns 81,092 shares of the company’s stock, valued at $986,078.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at $13.02 on Friday. Gulfport Energy Corporation has a fifty-two week low of $10.90 and a fifty-two week high of $22.35. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. The company has a market cap of $2,380.00, a P/E ratio of -48.22, a PEG ratio of 0.27 and a beta of 0.69.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The firm had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $302.33 million. During the same quarter in the previous year, the company earned $0.16 EPS. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. sell-side analysts forecast that Gulfport Energy Corporation will post 1.36 EPS for the current year.
Large investors have recently bought and sold shares of the company. Capstone Asset Management Co. boosted its holdings in Gulfport Energy by 7.6% in the second quarter. Capstone Asset Management Co. now owns 13,732 shares of the oil and gas producer’s stock worth $203,000 after purchasing an additional 970 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Gulfport Energy by 11.4% in the second quarter. Janney Montgomery Scott LLC now owns 24,260 shares of the oil and gas producer’s stock worth $358,000 after purchasing an additional 2,484 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Gulfport Energy by 3.4% in the second quarter. Great West Life Assurance Co. Can now owns 93,265 shares of the oil and gas producer’s stock worth $1,374,000 after purchasing an additional 3,094 shares during the last quarter. World Asset Management Inc purchased a new stake in Gulfport Energy in the second quarter worth approximately $150,000. Finally, Sei Investments Co. boosted its holdings in Gulfport Energy by 2.7% in the second quarter. Sei Investments Co. now owns 46,768 shares of the oil and gas producer’s stock worth $690,000 after purchasing an additional 1,217 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.
Several research analysts recently issued reports on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $20.00 target price on shares of Gulfport Energy in a research report on Tuesday. ValuEngine lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Scotiabank reaffirmed a “buy” rating and set a $23.00 price objective on shares of Gulfport Energy in a research note on Monday, October 9th. KeyCorp reaffirmed a “buy” rating and set a $18.00 price objective on shares of Gulfport Energy in a research note on Tuesday, September 19th. Finally, Zacks Investment Research downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. One 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. Gulfport Energy currently has a consensus rating of “Buy” and an average target price of $20.86.
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About Gulfport Energy
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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