Insider Selling: Gulfport Energy Corp (NYSE:GPOR) Director Sells 700 Shares of Stock

Gulfport Energy Corp (NYSE:GPOR - Get Free Report) Director Jason Joseph Martinez sold 700 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $193.69, for a total transaction of $135,583.00. Following the sale, the director now owns 4,888 shares of the company's stock, valued at $946,756.72. This trade represents a 12.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Gulfport Energy Stock Up 1.2%

NYSE:GPOR traded up $2.34 on Friday, reaching $190.89. 121,095 shares of the company's stock were exchanged, compared to its average volume of 244,915. The firm has a market capitalization of $3.39 billion, a PE ratio of -10.72 and a beta of 0.64. Gulfport Energy Corp has a 52 week low of $130.02 and a 52 week high of $201.18.

Hedge Funds Weigh In On Gulfport Energy

An institutional investor recently raised its position in Gulfport Energy stock. Rhumbline Advisers increased its position in Gulfport Energy Corp (NYSE:GPOR - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,623 shares of the company's stock after acquiring an additional 248 shares during the quarter. Rhumbline Advisers owned about 0.12% of Gulfport Energy worth $3,798,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

GPOR has been the subject of a number of research reports. Wall Street Zen lowered shares of Gulfport Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, June 3rd. Bank of America increased their target price on shares of Gulfport Energy from $217.00 to $218.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, KeyCorp reiterated an "overweight" rating and set a $215.00 target price (up previously from $205.00) on shares of Gulfport Energy in a research report on Thursday, May 22nd.

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.