Gulfport Energy (NYSE:GPOR) Stock Price Down 6.6% – Time to Sell?

Gulfport Energy Corporation (NYSE:GPOR)’s stock price was down 6.6% during mid-day trading on Monday . The stock traded as low as $192.40 and last traded at $192.52. Approximately 35,669 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 89,530 shares. The stock had previously closed at $206.16.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GPOR. Evercore ISI upped their target price on shares of Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research report on Monday, November 10th. Zacks Research downgraded Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. Mizuho increased their target price on Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. UBS Group increased their price target on Gulfport Energy from $227.00 to $264.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Roth Capital assumed coverage on shares of Gulfport Energy in a report on Monday, October 13th. They set a “neutral” rating and a $200.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Gulfport Energy has a consensus rating of “Moderate Buy” and a consensus price target of $230.88.

Gulfport Energy Stock Down 8.0%

The stock has a market capitalization of $3.66 billion, a PE ratio of -99.83 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. The business’s fifty day moving average price is $205.90 and its two-hundred day moving average price is $188.26.

Gulfport Energy (NYSE:GPOR) last posted its quarterly 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). Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.The business had revenue of $379.75 million for the quarter, compared to analysts’ expectations of $343.18 million.

Insider Activity

In related news, Director Timothy J. Cutt sold 2,500 shares of the business’s stock in a transaction 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 sale, the director owned 31,255 shares of the company’s stock, valued at approximately $6,711,698.70. The trade was a 7.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David D. Wolf sold 1,525 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $210.27, for a total value of $320,661.75. Following the completion of the transaction, the director owned 4,462 shares in the company, valued at $938,224.74. The trade was a 25.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 296,695 shares of company stock worth $65,092,132 over the last three months. 0.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gulfport Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in shares of Gulfport Energy during the 3rd quarter worth approximately $28,000. Financial Consulate Inc. acquired a new position in Gulfport Energy during the 3rd quarter worth approximately $31,000. Federated Hermes Inc. raised its holdings in shares of Gulfport Energy by 133.7% in the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in Gulfport Energy in the second quarter valued at $85,000.

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.