Domenic Dell’osso, Jr. Purchases 1,600 Shares of Gulfport Energy (NYSE:GPOR) Stock

Gulfport Energy Corporation (NYSE:GPOR) CEO Domenic Dell’osso, Jr. bought 1,600 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $160.61 per share, for a total transaction of $256,976.00. Following the completion of the purchase, the chief executive officer owned 24,349 shares of the company’s stock, valued at $3,910,692.89. This trade represents a 7.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gulfport Energy Trading Up 3.2%

NYSE:GPOR traded up $5.13 during midday trading on Monday, reaching $167.89. 345,623 shares of the stock traded hands, compared to its average volume of 360,079. The stock has a market capitalization of $2.97 billion, a P/E ratio of 6.72 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.58. The company has a fifty day moving average of $161.20 and a 200 day moving average of $183.89. Gulfport Energy Corporation has a 12 month low of $149.18 and a 12 month high of $225.78.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Foster & Motley Inc. bought a new stake in Gulfport Energy during the second quarter worth about $604,000. Central Pacific Bank Trust Division increased its stake in shares of Gulfport Energy by 9.3% during the second quarter. Central Pacific Bank Trust Division now owns 940 shares of the company’s stock valued at $160,000 after purchasing an additional 80 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Gulfport Energy during the first quarter valued at approximately $362,000. Bank of America Corp DE lifted its holdings in shares of Gulfport Energy by 50.3% during the first quarter. Bank of America Corp DE now owns 152,201 shares of the company’s stock valued at $32,201,000 after purchasing an additional 50,968 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Gulfport Energy by 4.2% during the first quarter. Janus Henderson Group PLC now owns 223,669 shares of the company’s stock valued at $47,323,000 after purchasing an additional 9,095 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GPOR shares. Zacks Research lowered shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. UBS Group reduced their price target on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings lowered Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Truist Financial dropped their price objective on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a report on Wednesday, August 5th. Finally, Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Gulfport Energy currently 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.