Gulfport Energy Sees Unusually Large Options Volume (GPOR)

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Gulfport Energy Co. (NASDAQ:GPOR) was the target of some unusual options trading activity on Thursday. Investors acquired 15,100 put options on the company. This represents an increase of 5,198% compared to the average volume of 285 put options.

Shares of NASDAQ:GPOR opened at $7.90 on Friday. The stock has a market capitalization of $1.25 billion, a PE ratio of 4.32, a PEG ratio of 0.49 and a beta of 0.95. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. Gulfport Energy has a fifty-two week low of $6.18 and a fifty-two week high of $13.41.

Gulfport Energy (NASDAQ:GPOR) last issued its earnings results on Wednesday, February 27th. The oil and gas producer reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.04). The firm had revenue of $415.95 million during the quarter, compared to analysts’ expectations of $376.23 million. Gulfport Energy had a net margin of 31.77% and a return on equity of 9.97%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts predict that Gulfport Energy will post 1.13 earnings per share for the current fiscal year.

Several brokerages have issued reports on GPOR. Zacks Investment Research downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Monday, December 17th. Williams Capital set a $15.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a research report on Wednesday, December 12th. BidaskClub raised shares of Gulfport Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. TheStreet downgraded shares of Gulfport Energy from a “c” rating to a “d+” rating in a research report on Wednesday, February 27th. Finally, SunTrust Banks set a $15.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a research report on Tuesday, November 27th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Gulfport Energy presently has an average rating of “Hold” and a consensus target price of $11.91.

In related news, CEO David M. Wood purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of $8.06 per share, for a total transaction of $80,600.00. Following the purchase, the chief executive officer now directly owns 360,610 shares of the company’s stock, valued at $2,906,516.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. First Hawaiian Bank acquired a new stake in shares of Gulfport Energy in the fourth quarter valued at about $45,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Gulfport Energy by 502.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 392,836 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 327,650 shares during the period. CWM Advisors LLC acquired a new stake in shares of Gulfport Energy in the fourth quarter valued at about $67,000. OLD Mission Capital LLC acquired a new stake in shares of Gulfport Energy in the fourth quarter valued at about $69,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of Gulfport Energy in the fourth quarter valued at about $86,000. 95.40% of the stock is currently owned by institutional investors and hedge funds.

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Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

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