Gulfport Energy (NYSE:GPOR) CEO Domenic Dell'osso Jr Purchases 1,600 Shares

Key Points

• CEO Domenic Dell’osso Jr. purchased 1,600 Gulfport Energy shares at an average price of $160.61, investing approximately $256,976 and increasing his stake by 7.03% to 24,349 shares.
• Gulfport shares rose to $167.89, while the company’s stock remains below its 52-week high of $225.78; it trades at a relatively low 6.72 price-to-earnings ratio.
• Analyst sentiment is broadly positive but mixed, with a consensus “Moderate Buy” rating and an average price target of $223.11, despite some recent rating and target-price cuts.

Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) CEO Domenic Dell'osso, Jr. purchased 1,600 shares of the stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of $160.61 per share, for a total transaction of $256,976.00. Following the completion of the acquisition, the chief executive officer owned 24,349 shares of the company's stock, valued at approximately $3,910,692.89. This represents a 7.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Gulfport Energy Price Performance

Gulfport Energy stock traded up $5.13 during midday trading on Monday, reaching $167.89. 345,623 shares of the stock were exchanged, compared to its average volume of 360,079. Gulfport Energy Corporation has a 52 week low of $149.18 and a 52 week high of $225.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $2.97 billion, a PE ratio of 6.72 and a beta of 0.41. The company's fifty day moving average is $161.20 and its 200-day moving average is $183.89.

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings cut Gulfport Energy from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 16th. Zacks Research cut shares of Gulfport Energy from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. Truist Financial lowered their target price on shares of Gulfport Energy from $190.00 to $186.00 and set a "hold" rating on the stock in a research note on Wednesday, August 5th. UBS Group dropped their target price on shares of Gulfport Energy from $223.00 to $214.00 and set a "buy" rating for the company in a research report on Wednesday, August 5th. Finally, Mizuho raised shares of Gulfport Energy from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $223.11.

Hedge Funds Weigh In On Gulfport Energy

A number of large investors have recently added to or reduced their stakes in GPOR. Advisory Services Network LLC bought a new position in shares of Gulfport Energy during the third quarter valued at about $28,000. Allworth Financial LP lifted its stake in shares of Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company's stock valued at $33,000 after acquiring an additional 85 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company's stock valued at $50,000 after acquiring an additional 197 shares during the period. Kestra Advisory Services LLC purchased a new stake in Gulfport Energy during the 4th quarter valued at about $54,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Gulfport Energy by 866.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company's stock worth $84,000 after acquiring an additional 364 shares during the last quarter.

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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