Gulfport Energy (NYSE:GPOR) Director Timothy Cutt Sells 2,500 Shares of Stock

Gulfport Energy Corporation (NYSE:GPOR) Director Timothy Cutt sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $158.98, for a total value of $397,450.00. Following the transaction, the director owned 27,013 shares of the company’s stock, valued at $4,294,526.74. The trade was a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Gulfport Energy Trading Down 4.4%

Gulfport Energy stock traded down $7.08 during mid-day trading on Friday, hitting $154.83. 331,887 shares of the company’s stock were exchanged, compared to its average volume of 344,321. The firm has a market capitalization of $2.74 billion, a P/E ratio of 6.19 and a beta of 0.43. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The company’s 50 day simple moving average is $167.03 and its 200-day simple moving average is $176.76. Gulfport Energy Corporation has a fifty-two week low of $149.18 and a fifty-two week high of $225.78.

Gulfport Energy (NYSE:GPOR) last posted its 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 return on equity of 21.87% and a net margin of 32.28%. On average, equities analysts anticipate that Gulfport Energy Corporation will post 22.25 earnings per share for the current year.

Wall Street Analyst Weigh In

GPOR has been the topic of a number of recent research reports. Jefferies Financial Group downgraded Gulfport Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $239.00 to $180.00 in a research report on Friday. Truist Financial dropped their target price on shares of Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a report on Wednesday, August 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $194.00 price objective (down from $240.00) on shares of Gulfport Energy in a research report on Tuesday, September 8th. Pickering Energy Partners initiated coverage on shares of Gulfport Energy in a research note on Tuesday. They issued an “outperform” rating on the stock. Finally, Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $210.50.

Institutional Investors Weigh In On Gulfport Energy

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in Gulfport Energy by 50.3% in the first quarter. Bank of America Corp DE now owns 152,201 shares of the company’s stock worth $32,201,000 after purchasing an additional 50,968 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Gulfport Energy during the first quarter valued at approximately $1,844,000. Quantinno Capital Management LP grew its stake in shares of Gulfport Energy by 698.0% in the 1st quarter. Quantinno Capital Management LP now owns 16,312 shares of the company’s stock worth $3,451,000 after buying an additional 14,268 shares during the last quarter. Janus Henderson Group PLC raised its stake in Gulfport Energy by 4.2% during the first quarter. Janus Henderson Group PLC now owns 223,669 shares of the company’s stock valued at $47,323,000 after buying an additional 9,095 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. raised its position in shares of Gulfport Energy by 18.3% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 191,991 shares of the company’s stock worth $39,932,000 after purchasing an additional 29,631 shares during the last quarter.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent exploration and production company focused primarily on natural gas and natural gas liquids. The company develops and produces hydrocarbons from unconventional shale formations, with operations concentrated in the Appalachian Basin.

Gulfport’s principal assets are located in eastern Ohio, where it holds acreage in the Utica and Marcellus shale plays. Its activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing natural gas, natural gas liquids and crude oil.