Gulfport Energy (NYSE:GPOR) Issues Quarterly Earnings Results

Gulfport Energy (NYSE:GPOR) announced its quarterly earnings data on Tuesday. The company reported $5.60 earnings per share for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01), Zacks reports. Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%.

Gulfport Energy Price Performance

Shares of GPOR stock traded down $1.55 during trading hours on Tuesday, hitting $196.45. 306,815 shares of the company’s stock were exchanged, compared to its average volume of 310,703. Gulfport Energy has a fifty-two week low of $153.27 and a fifty-two week high of $225.78. The firm has a market cap of $3.80 billion, a P/E ratio of -103.40 and a beta of 0.61. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $197.20 and a two-hundred day moving average of $190.85.

Insider Activity at Gulfport Energy

In other Gulfport Energy news, Director Silver Point Capital L.P. sold 45,546 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $219.56, for a total transaction of $10,000,079.76. Following the completion of the transaction, the director owned 3,449,885 shares of the company’s stock, valued at $757,456,750.60. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy J. Cutt sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $214.74, for a total value of $536,850.00. Following the completion of the transaction, the director owned 31,255 shares in the company, valued at approximately $6,711,698.70. This trade represents a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 308,012 shares of company stock worth $67,100,732 over the last 90 days. 0.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GPOR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Gulfport Energy by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock valued at $1,391,000 after purchasing an additional 181 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Gulfport Energy by 14.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,749 shares of the company’s stock valued at $17,631,000 after buying an additional 12,327 shares during the last quarter. Intech Investment Management LLC boosted its stake in Gulfport Energy by 11.6% during the first quarter. Intech Investment Management LLC now owns 6,400 shares of the company’s stock worth $1,178,000 after buying an additional 665 shares during the period. Cetera Investment Advisers boosted its stake in Gulfport Energy by 16.7% during the second quarter. Cetera Investment Advisers now owns 1,532 shares of the company’s stock worth $308,000 after buying an additional 219 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in shares of Gulfport Energy in the 2nd quarter valued at approximately $400,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on GPOR shares. UBS Group increased their price objective on shares of Gulfport Energy from $227.00 to $264.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Tudor Pickering lowered shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Mizuho increased their price target on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. Finally, Evercore boosted their price target on Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Gulfport Energy has an average rating of “Hold” and a consensus target price of $227.20.

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.