Gulfport Energy Corporation $GPOR Shares Sold by Azarias Capital Management L.P.

Key Points

• Azarias Capital Management reduced its stake in Gulfport Energy by 14.1%, selling 6,268 shares to hold 38,273 shares (about 0.20% of GPOR), a position valued at roughly $7.96 million and the firm's 10th-largest holding.
• Large insider and institutional activity: Silver Point Capital sold 759,740 shares for about $155.15 million (a 22.02% cut), insiders have sold 876,258 shares (~$179.1M) in the past 90 days, while major funds like Vanguard and Millennium materially increased their positions (Millennium added 395,197 shares).
• Gulfport reported quarterly EPS of $5.60 (missing by $0.01) with revenue of $398.2M and a 30.0% net margin; the stock trades near $203.54, has a $3.67B market cap and a consensus analyst rating of Moderate Buy with an average target of $232.44.

Azarias Capital Management L.P. lessened its stake in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,273 shares of the company's stock after selling 6,268 shares during the quarter. Gulfport Energy comprises 3.5% of Azarias Capital Management L.P.'s investment portfolio, making the stock its 10th biggest position. Azarias Capital Management L.P. owned 0.20% of Gulfport Energy worth $7,960,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Gulfport Energy by 6.8% in the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company's stock valued at $195,165,000 after purchasing an additional 68,664 shares in the last quarter. State Street Corp raised its stake in Gulfport Energy by 1.8% during the second quarter. State Street Corp now owns 482,458 shares of the company's stock worth $97,056,000 after acquiring an additional 8,668 shares in the last quarter. Millennium Management LLC raised its stake in Gulfport Energy by 1,281.6% during the third quarter. Millennium Management LLC now owns 426,034 shares of the company's stock worth $77,104,000 after acquiring an additional 395,197 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Gulfport Energy by 10.2% during the second quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company's stock worth $80,630,000 after acquiring an additional 36,953 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Gulfport Energy by 67.9% during the third quarter. Victory Capital Management Inc. now owns 351,007 shares of the company's stock worth $63,525,000 after acquiring an additional 142,002 shares in the last quarter.

Gulfport Energy Price Performance

Shares of GPOR opened at $203.54 on Friday. Gulfport Energy Corporation has a 52-week low of $156.93 and a 52-week high of $225.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.68. The business's 50 day moving average price is $204.10 and its two-hundred day moving average price is $198.70. The firm has a market cap of $3.67 billion, a PE ratio of 10.01 and a beta of 0.59.

Gulfport Energy (NYSE:GPOR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.61 by ($0.01). Gulfport Energy had a net margin of 30.01% and a return on equity of 21.85%. The business had revenue of $398.19 million during the quarter, compared to analyst estimates of $373.24 million.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, Director Silver Point Capital L.P. sold 759,740 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $204.22, for a total value of $155,154,102.80. Following the transaction, the director directly owned 2,690,145 shares of the company's stock, valued at approximately $549,381,411.90. The trade was a 22.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jason Joseph Martinez sold 400 shares of the company's stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total value of $85,360.00. Following the transaction, the director directly owned 3,888 shares in the company, valued at $829,699.20. The trade was a 9.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 876,258 shares of company stock valued at $179,141,707. 0.62% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on GPOR shares. Weiss Ratings raised Gulfport Energy from a "hold (c)" rating to a "buy (b)" rating in a research note on Monday, March 2nd. Mizuho boosted their price target on Gulfport Energy from $219.00 to $239.00 and gave the stock a "neutral" rating in a report on Friday, December 12th. Zacks Research upgraded Gulfport Energy from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 7th. Wall Street Zen cut Gulfport Energy from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Finally, TD Cowen upgraded Gulfport Energy to a "strong-buy" rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $232.44.

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.

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