Gulfport Energy Corporation (NASDAQ:GPOR) CEO Michael G. Moore sold 118,494 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $12.16, for a total transaction of $1,440,887.04. Following the transaction, the chief executive officer now directly owns 295,449 shares of the company’s stock, valued at $3,592,659.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Gulfport Energy Corporation (NASDAQ:GPOR) traded up $0.34 during trading hours on Friday, reaching $13.36. 2,171,859 shares of the company’s stock were exchanged, compared to its average volume of 3,160,744. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. Gulfport Energy Corporation has a one year low of $10.90 and a one year high of $22.35. The stock has a market capitalization of $2,383.73, a price-to-earnings ratio of -49.48, a PEG ratio of 0.27 and a beta of 0.69.
Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). The firm had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $302.33 million. Gulfport Energy had a return on equity of 7.99% and a net margin of 3.88%. The firm’s quarterly revenue was up 37.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 earnings per share. equities analysts forecast that Gulfport Energy Corporation will post 1.36 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of GPOR. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gulfport Energy by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after acquiring an additional 712 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of Gulfport Energy by 76.9% during the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after purchasing an additional 4,153 shares during the period. World Asset Management Inc acquired a new stake in shares of Gulfport Energy during the second quarter worth $150,000. BKS Advisors LLC acquired a new stake in shares of Gulfport Energy during the third quarter worth $161,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Gulfport Energy by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after purchasing an additional 520 shares during the period. 86.71% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $20.00 target price on shares of Gulfport Energy in a research note on Tuesday. ValuEngine downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Scotiabank reissued a “buy” rating and set a $23.00 target price on shares of Gulfport Energy in a research report on Monday, October 9th. KeyCorp restated a “buy” rating and issued a $18.00 price target on shares of Gulfport Energy in a report on Tuesday, September 19th. Finally, Zacks Investment Research cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target 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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