Domenic Dell’osso, Jr. Purchases 1,600 Shares of Gulfport Energy (NYSE:GPOR) Stock

Gulfport Energy Corporation (NYSE:GPOR) CEO Domenic Dell’osso, Jr. purchased 1,600 shares of Gulfport Energy stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $160.61 per share, for a total transaction of $256,976.00. Following the completion of the purchase, the chief executive officer owned 24,349 shares of the company’s stock, valued at $3,910,692.89. This trade represents a 7.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Gulfport Energy Stock Performance

Shares of GPOR stock opened at $170.68 on Wednesday. Gulfport Energy Corporation has a 12 month low of $149.18 and a 12 month high of $225.78. The stock has a market cap of $3.02 billion, a PE ratio of 6.83 and a beta of 0.41. 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 company’s fifty day moving average price is $161.24 and its 200-day moving average price is $183.58.

Institutional Trading of Gulfport Energy

Several institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new position in shares of Gulfport Energy in the third quarter worth $28,000. Allworth Financial LP boosted its position in shares of Gulfport Energy by 113.3% during the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after buying an additional 85 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Gulfport Energy in the 4th quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Gulfport Energy by 866.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock worth $84,000 after buying an additional 364 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Weiss Ratings cut Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Zacks Research cut Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. UBS Group reduced their price target on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Truist Financial lowered their price target on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. Finally, Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.