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

Gulfport Energy Corporation (NYSE:GPOR) CAO Matthew Willrath sold 325 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total value of $59,374.25. Following the completion of the transaction, the chief accounting officer directly owned 2,130 shares of the company’s stock, valued at $389,129.70. This represents a 13.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Gulfport Energy Stock Performance

Gulfport Energy stock opened at $178.92 on Friday. The stock has a market cap of $3.16 billion, a P/E ratio of 7.16 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 stock has a 50 day moving average of $165.13 and a 200-day moving average of $180.44. Gulfport Energy Corporation has a 52 week low of $149.18 and a 52 week high of $225.78.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, analysts expect that Gulfport Energy Corporation will post 22.25 EPS for the current fiscal year.

Institutional Trading of Gulfport Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Keybank National Association OH boosted its holdings in shares of Gulfport Energy by 1.2% in the 1st quarter. Keybank National Association OH now owns 5,881 shares of the company’s stock valued at $1,244,000 after buying an additional 67 shares during the period. Central Pacific Bank Trust Division raised its stake in Gulfport Energy by 9.3% during the second quarter. Central Pacific Bank Trust Division now owns 940 shares of the company’s stock worth $160,000 after acquiring an additional 80 shares during the period. Polymer Capital Management US LLC raised its stake in Gulfport Energy by 3.8% during the third quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock worth $397,000 after acquiring an additional 81 shares during the period. Allworth Financial LP lifted its holdings in Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after acquiring an additional 85 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Gulfport Energy by 3.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company’s stock valued at $615,000 after acquiring an additional 94 shares during the period.

Wall Street Analysts Forecast Growth

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

Gulfport Energy Company Profile

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.