Gulfport Energy Corporation $GPOR Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. decreased its stake in Gulfport Energy Corporation by 33.9%, selling 65,555 shares, leaving them with 128,024 shares valued at approximately $23.57 million.
• Several brokerages have given mixed ratings on Gulfport Energy, with pricing targets ranging from $205.00 to $240.00 and a current consensus rating of "Moderate Buy."
• Gulfport Energy reported a quarterly earnings miss, posting earnings per share of $4.06 against the consensus estimate of $4.91, while revenue exceeded expectations at $447.62 million.

Goldman Sachs Group Inc. decreased its position in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 33.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,024 shares of the company's stock after selling 65,555 shares during the period. Goldman Sachs Group Inc. owned 0.72% of Gulfport Energy worth $23,574,000 as of its most recent SEC filing.

Separately, Rhumbline Advisers boosted its position in shares of Gulfport Energy by 1.2% during the 1st quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock worth $3,798,000 after purchasing an additional 248 shares during the period.

Insider Buying and Selling

In related news, Director Jason Joseph Martinez sold 600 shares of Gulfport Energy stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total transaction of $102,942.00. Following the sale, the director directly owned 4,288 shares in the company, valued at $735,692.16. This trade represents a 12.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by corporate insiders.

Gulfport Energy Price Performance

Shares of GPOR traded down $5.33 during midday trading on Friday, reaching $167.95. The stock had a trading volume of 106,726 shares, compared to its average volume of 252,517. Gulfport Energy Corporation has a 1-year low of $136.45 and a 1-year high of $210.32. The business has a fifty day moving average price of $172.74. The firm has a market capitalization of $2.95 billion, a P/E ratio of -23.39 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.51 and a current ratio of 0.51.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Gulfport Energy from $208.00 to $236.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. KeyCorp lowered their price objective on shares of Gulfport Energy from $215.00 to $205.00 and set an "overweight" rating for the company in a research report on Wednesday, September 3rd. UBS Group decreased their price target on shares of Gulfport Energy from $240.00 to $227.00 and set a "buy" rating for the company in a research report on Wednesday, August 20th. Mizuho decreased their price target on shares of Gulfport Energy from $227.00 to $199.00 and set a "neutral" rating for the company in a research report on Monday. Finally, William Blair initiated coverage on shares of Gulfport Energy in a research report on Monday, August 25th. They issued an "outperform" rating for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Gulfport Energy has an average rating of "Moderate Buy" and an average target price of $217.00.

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.