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 Gulfport Energy stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $193.69, for a total value of $135,583.00. Following the sale, the director now directly owns 4,888 shares in the company, valued at approximately $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 is accessible through the SEC website.

Gulfport Energy Stock Performance

NYSE GPOR traded up $2.51 on Friday, reaching $191.06. 40,556 shares of the stock traded hands, compared to its average volume of 244,157. Gulfport Energy Corp has a 12 month low of $130.02 and a 12 month high of $201.18. The firm has a market cap of $3.39 billion, a P/E ratio of -10.73 and a beta of 0.61.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. KeyCorp reissued an "overweight" rating and set a $215.00 price target (up from $205.00) on shares of Gulfport Energy in a report on Thursday, May 22nd. Bank of America boosted their price target 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, Wall Street Zen lowered shares of Gulfport Energy from a "buy" rating to a "hold" rating in a research note on Tuesday.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gulfport Energy stock. Strs Ohio acquired a new stake in shares of Gulfport Energy Corp (NYSE:GPOR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,300 shares of the company's stock, valued at approximately $239,000.

Gulfport Energy Company Profile

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.