Gulfport Energy (NYSE:GPOR) Director Sells $53,680,004.84 in Stock

Gulfport Energy Corporation (NYSE:GPOR) Director Silver Point Capital L.P. sold 244,489 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $219.56, for a total value of $53,680,004.84. Following the sale, the director directly owned 3,495,431 shares of the company’s stock, valued at $767,456,830.36. This represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Silver Point Capital L.P. also recently made the following trade(s):

• On Tuesday, December 2nd, Silver Point Capital L.P. sold 45,546 shares of Gulfport Energy stock. The stock was sold at an average price of $219.56, for a total transaction of $10,000,079.76.

Gulfport Energy Stock Up 2.3%

NYSE:GPOR traded up $4.79 during mid-day trading on Wednesday, reaching $217.50. 307,088 shares of the company were exchanged, compared to its average volume of 258,424. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $4.20 billion, a PE ratio of -114.47 and a beta of 0.60. Gulfport Energy Corporation has a 12 month low of $153.27 and a 12 month high of $225.78. The firm’s fifty day moving average is $194.30.

Gulfport Energy (NYSE:GPOR) last announced its earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). The company had revenue of $379.75 million for the quarter, compared to analyst estimates of $343.18 million. Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GPOR. UBS Group lowered their price objective on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Roth Capital began coverage on shares of Gulfport Energy in a research report on Monday, October 13th. They set a “neutral” rating and a $200.00 price target for the company. KeyCorp increased their price objective on shares of Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. Finally, Mizuho dropped their target price on shares of Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $221.25.

Institutional Investors Weigh In On Gulfport Energy

Large investors have recently bought and sold shares of the company. Polymer Capital Management US LLC lifted its position in Gulfport Energy by 3.8% in the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock valued at $397,000 after acquiring an additional 81 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Gulfport Energy by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 5,145 shares of the company’s stock valued at $1,035,000 after purchasing an additional 83 shares during the period. Rafferty Asset Management LLC lifted its holdings in shares of Gulfport Energy by 0.6% in the second quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock valued at $3,588,000 after purchasing an additional 108 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Gulfport Energy by 7.1% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company’s stock worth $359,000 after buying an additional 119 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its position in shares of Gulfport Energy by 4.6% during the second quarter. Resona Asset Management Co. Ltd. now owns 2,739 shares of the company’s stock worth $551,000 after buying an additional 121 shares during the period.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.