Matthew Willrath Sells 325 Shares of Gulfport Energy (NYSE:GPOR) Stock

Gulfport Energy Corporation (NYSE:GPOR) CAO Matthew Willrath sold 325 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $182.69, for a total value of $59,374.25. Following the transaction, the chief accounting officer directly owned 2,130 shares of the company’s stock, valued at approximately $389,129.70. This represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Gulfport Energy Trading Up 0.8%

Shares of NYSE GPOR traded up $1.47 during trading on Thursday, reaching $181.92. The company had a trading volume of 232,799 shares, compared to its average volume of 348,766. Gulfport Energy Corporation has a 12 month low of $149.18 and a 12 month high of $225.78. 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 stock has a market cap of $3.22 billion, a P/E ratio of 7.28 and a beta of 0.43. The company’s fifty day moving average price is $164.34 and its 200-day moving average price is $180.61.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings data on Monday, August 3rd. The company reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $3.82 by $1.03. The company had revenue of $323.23 million for the quarter. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%. As a group, research analysts expect that Gulfport Energy Corporation will post 22.25 earnings per share for the current year.

Institutional Investors Weigh In On Gulfport Energy

A number of large investors have recently bought and sold shares of GPOR. California State Teachers Retirement System raised its holdings in shares of Gulfport Energy by 16,390.6% during the second quarter. California State Teachers Retirement System now owns 3,099,740 shares of the company’s stock valued at $526,026,000 after purchasing an additional 3,080,943 shares during the period. Assenagon Asset Management S.A. increased its position in Gulfport Energy by 4,946.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock valued at $98,892,000 after buying an additional 458,156 shares in the last quarter. Millennium Management LLC increased its stake in Gulfport Energy by 1,281.6% during the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after purchasing an additional 395,197 shares in the last quarter. Ninepoint Partners LP acquired a new position in Gulfport Energy during the fourth quarter worth $41,598,000. Finally, Victory Capital Management Inc. raised its holdings in Gulfport Energy by 50.3% during the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock worth $109,692,000 after buying an additional 176,386 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GPOR. UBS Group decreased their price objective on shares of Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings downgraded Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Zacks Research lowered Gulfport Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Truist Financial dropped their price objective on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a research note on Wednesday, August 5th. Finally, Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Gulfport Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.11.

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.