Silver Point Capital L.P. Sells 84,416 Shares of Gulfport Energy (NYSE:GPOR) Stock

Gulfport Energy Corporation (NYSE:GPOR) Director Silver Point Capital L.P. sold 84,416 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $204.22, for a total transaction of $17,239,435.52. Following the completion of the transaction, the director owned 2,605,729 shares of the company’s stock, valued at approximately $532,141,976.38. The trade was a 3.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, March 2nd, Silver Point Capital L.P. sold 759,740 shares of Gulfport Energy stock. The stock was sold at an average price of $204.22, for a total value of $155,154,102.80.

Gulfport Energy Stock Performance

Shares of GPOR stock traded down $1.27 during trading hours on Wednesday, hitting $209.55. The stock had a trading volume of 322,036 shares, compared to its average volume of 331,679. The stock’s 50 day moving average is $197.52 and its 200 day moving average is $192.43. Gulfport Energy Corporation has a twelve month low of $153.27 and a twelve month high of $225.78. The firm has a market capitalization of $3.89 billion, a PE ratio of 10.31 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.68.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.The company had revenue of $398.19 million for the quarter, compared to analyst estimates of $373.24 million.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GPOR. Weiss Ratings upgraded shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday. KeyCorp upped their target price on Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Zacks Research upgraded Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Wolfe Research lowered shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 5th. Finally, Evercore increased their target price on Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $227.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Alpha Capital Management Ltd. boosted its stake in shares of Gulfport Energy by 4.5% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 163,160 shares of the company’s stock valued at $32,823,000 after buying an additional 7,000 shares during the last quarter. Coastal Bridge Advisors LLC acquired a new position in Gulfport Energy in the third quarter worth $1,837,000. Stephens Investment Management Group LLC lifted its position in shares of Gulfport Energy by 29.0% in the 3rd quarter. Stephens Investment Management Group LLC now owns 48,001 shares of the company’s stock worth $8,687,000 after buying an additional 10,786 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Gulfport Energy during the 2nd quarter valued at about $1,367,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Gulfport Energy by 45.5% in the third quarter. Assenagon Asset Management S.A. now owns 62,221 shares of the company’s stock worth $11,261,000 after acquiring an additional 19,458 shares during the last quarter.

Key Gulfport Energy News

Here are the key news stories impacting Gulfport Energy this week:

• Positive Sentiment: Gulfport expanded a discounted buyback/repurchase program (announced March 3) to acquire 84,416 shares — this reduces float and provides direct support for the stock. Read More.
• Neutral Sentiment: Recent quarterly results (Feb. 24) showed revenue above estimates ($398.2M vs. ~$373.2M) while EPS missed by $0.01 ($5.60 vs. $5.61). Financials remain profitable with strong margins, but the tiny EPS miss is unlikely to move sentiment much on its own.
• Negative Sentiment: Large holder Silver Point Capital drastically reduced its stake: sold 759,740 shares on March 2 (~$155.15M at $204.22 avg), a ~22% cut — a sizable liquidation that can pressure the stock. Read More.
• Negative Sentiment: Silver Point sold another 84,416 shares on March 3 (~$17.24M at $204.22 avg). The proximity of these sales to the company’s buyback announcement raises questions about whether the trades were part of a negotiated/structured repurchase or open‑market disposals. Read More.
• Negative Sentiment: Multiple senior insiders sold shares the same week: CFO Michael Hodges (16,769 shrs at $210.70), SVP Michael Sluiter (9,933 shrs at $210.00) and director Timothy Cutt (5,000 shrs at $208.73). The CFO’s sale cut his stake materially, which can be viewed negatively by investors. Read More. • Read More. • Read More.

About Gulfport Energy

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.