Gulfport Energy (NYSE:GPOR) Issues Earnings Results

Gulfport Energy (NYSE:GPOR) issued its earnings results on Tuesday. The company reported $999.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.70 by $991.30, reports. Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.

Gulfport Energy Stock Up 0.3%

Shares of NYSE:GPOR traded up $0.66 during trading on Tuesday, hitting $195.42. 385,940 shares of the company’s stock traded hands, compared to its average volume of 333,570. Gulfport Energy has a 52 week low of $160.95 and a 52 week high of $225.78. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 0.93 and a beta of 0.46. The company has a 50-day moving average price of $200.94 and a 200-day moving average price of $199.81.

Insider Buying and Selling at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total transaction of $85,360.00. Following the transaction, the director owned 3,888 shares in the company, valued at $829,699.20. The trade was a 9.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Silver Point Capital L.P. sold 759,740 shares of Gulfport Energy stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $204.22, for a total value of $155,154,102.80. Following the transaction, the director owned 2,690,145 shares in the company, valued at $549,381,411.90. This trade represents a 22.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 876,258 shares of company stock worth $179,141,707 over the last three months. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Gulfport Energy

Several institutional investors have recently modified their holdings of the business. Polymer Capital Management US LLC lifted its stake in Gulfport Energy by 3.8% in the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock valued at $397,000 after acquiring an additional 81 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in Gulfport Energy by 0.6% in the 2nd quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock valued at $3,588,000 after acquiring an additional 108 shares in the last quarter. Fiduciary Trust Co lifted its stake in Gulfport Energy by 13.4% in the 3rd quarter. Fiduciary Trust Co now owns 1,272 shares of the company’s stock valued at $230,000 after acquiring an additional 150 shares in the last quarter. Advisory Services Network LLC bought a new stake in Gulfport Energy in the 3rd quarter valued at approximately $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Gulfport Energy by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock valued at $1,391,000 after acquiring an additional 181 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GPOR. Zacks Research upgraded Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. raised their target price on Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. Finally, UBS Group reduced their target price on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.00.

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.