Gulfport Energy (NYSE:GPOR) Hits New 52-Week High - Here's Why

Shares of Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $203.74 and last traded at $203.07, with a volume of 6550 shares changing hands. The stock had previously closed at $199.93.

Analyst Ratings Changes

Several analysts recently issued reports on GPOR shares. KeyCorp restated an "overweight" rating and issued a $215.00 price objective (up from $205.00) on shares of Gulfport Energy in a report on Thursday, May 22nd. Bank of America boosted their price objective on shares of Gulfport Energy from $217.00 to $218.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Gulfport Energy from a "hold" rating to a "buy" rating in a report on Wednesday, June 11th.

Gulfport Energy Price Performance

The firm has a market cap of $3.66 billion, a PE ratio of -11.58 and a beta of 0.64. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.45.

Insider Transactions at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 700 shares of the stock in a transaction dated Wednesday, June 4th. The shares were 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 approximately $946,756.72. This represents a 12.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew Willrath sold 633 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $193.83, for a total transaction of $122,694.39. Following the sale, the chief accounting officer now directly owns 2,342 shares in the company, valued at $453,949.86. This represents a 21.28% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company's stock.

Institutional Trading of Gulfport Energy

An institutional investor recently bought a new position in Gulfport Energy stock. Strs Ohio bought a new position in shares of Gulfport Energy Corporation (NYSE:GPOR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.