Insider Selling: Gulfport Energy (NYSE:GPOR) Director Sells 600 Shares of Stock

Gulfport Energy Corporation (NYSE:GPOR) Director Jason Joseph Martinez sold 600 shares of Gulfport Energy stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total transaction of $102,942.00. Following the transaction, the director owned 4,288 shares of the company’s stock, valued at $735,692.16. This represents a 12.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gulfport Energy Price Performance

Shares of NYSE GPOR opened at $170.31 on Wednesday. The firm has a market capitalization of $2.99 billion, a PE ratio of -23.72 and a beta of 0.62. The firm’s 50-day simple moving average is $173.92. Gulfport Energy Corporation has a 1 year low of $135.84 and a 1 year high of $210.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $4.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.91 by ($0.85). The business had revenue of $447.62 million for the quarter, compared to analyst estimates of $334.57 million. Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%.

Institutional Trading of Gulfport Energy

Several hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC raised its position in Gulfport Energy by 49.3% in the second quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock worth $113,700,000 after acquiring an additional 186,531 shares during the period. State Street Corp raised its position in shares of Gulfport Energy by 1.8% in the second quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after purchasing an additional 8,668 shares during the period. Adage Capital Partners GP L.L.C. raised its position in shares of Gulfport Energy by 10.2% in the second quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company’s stock valued at $80,630,000 after purchasing an additional 36,953 shares during the period. Geode Capital Management LLC raised its position in shares of Gulfport Energy by 10.5% in the second quarter. Geode Capital Management LLC now owns 332,557 shares of the company’s stock valued at $66,912,000 after purchasing an additional 31,682 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in shares of Gulfport Energy by 10.5% in the second quarter. Qube Research & Technologies Ltd now owns 188,768 shares of the company’s stock valued at $37,974,000 after purchasing an additional 17,915 shares during the period.

Analysts Set New Price Targets

GPOR has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Gulfport Energy from $240.00 to $227.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Wall Street Zen raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. KeyCorp dropped their price target on shares of Gulfport Energy from $215.00 to $205.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. raised their price target on shares of Gulfport Energy from $208.00 to $236.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Finally, Bank of America raised their price target on shares of Gulfport Energy from $217.00 to $218.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, Gulfport Energy presently has a consensus rating of “Buy” and an average target price of $221.50.

About Gulfport Energy

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.