Gulfport Energy (NYSE:GPOR) Director Jason Joseph Martinez Sells 400 Shares

Gulfport Energy Corporation (NYSE:GPOR) Director Jason Joseph Martinez sold 400 shares of the firm’s 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 completion of the transaction, the director directly owned 3,888 shares in the company, valued at approximately $829,699.20. This represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Gulfport Energy Trading Down 0.1%

GPOR stock traded down $0.16 during trading on Friday, reaching $206.84. 336,894 shares of the stock were exchanged, compared to its average volume of 371,912. 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 firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 10.17 and a beta of 0.59. The business has a 50 day moving average price of $203.50 and a 200-day moving average price of $197.57. Gulfport Energy Corporation has a 1 year low of $153.27 and a 1 year high of $225.78.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing the consensus estimate of $5.61 by ($0.01). The firm had revenue of $398.19 million during the quarter, compared to analysts’ expectations of $373.24 million. Gulfport Energy had a net margin of 30.01% and a return on equity of 21.85%.

Hedge Funds Weigh In On Gulfport Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Gulfport Energy by 6.8% in the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock worth $195,165,000 after acquiring an additional 68,664 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Gulfport Energy by 14.2% in the fourth quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock valued at $139,662,000 after acquiring an additional 83,613 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Gulfport Energy by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 595,613 shares of the company’s stock valued at $123,892,000 after purchasing an additional 34,716 shares during the period. Victory Capital Management Inc. boosted its holdings in Gulfport Energy by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock valued at $109,692,000 after purchasing an additional 176,386 shares during the period. Finally, State Street Corp grew its stake in Gulfport Energy by 1.8% during the 2nd quarter. State Street Corp now owns 482,458 shares of the company’s stock worth $97,056,000 after purchasing an additional 8,668 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GPOR shares. TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. Wolfe Research cut Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Mizuho raised their price target on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings raised Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Finally, Zacks Research upgraded Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.90.

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.