Gulfport Energy (NYSE:GPOR) Stock Price Down 7.4% - Should You Sell?

Key Points

• Gulfport Energy stock fell 7.4% to about $195.86 on Monday (trading as low as $195.63) with ~231,296 shares changing hands—around 30% below average volume.
• Analyst sentiment is mixed but the consensus remains a "Moderate Buy" with an average price target of $227.44 after several recent downgrades and upgrades.
• The company reported quarterly EPS of $5.60 (missing estimates by $0.01) with revenue of $398.2M (beating estimates), while substantial insider selling has occurred—893,835 shares (~$182.5M) sold in the past 90 days.

Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) fell 7.4% on Monday . The company traded as low as $195.63 and last traded at $195.86. 231,296 shares were traded during mid-day trading, a decline of 30% from the average session volume of 331,088 shares. The stock had previously closed at $211.45.

Analyst Ratings Changes

A number of research firms have weighed in on GPOR. Wall Street Zen downgraded Gulfport Energy from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Mizuho raised their target price on Gulfport Energy from $219.00 to $239.00 and gave the stock a "neutral" rating in a research report on Friday, December 12th. Wolfe Research lowered Gulfport Energy from an "outperform" rating to a "peer perform" rating in a research note on Monday, January 5th. Zacks Research upgraded Gulfport Energy from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 7th. Finally, Weiss Ratings raised Gulfport Energy from a "hold (c)" rating to a "buy (b)" rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $227.44.

Gulfport Energy Stock Down 6.9%

The company has a market cap of $3.65 billion, a P/E ratio of 9.65 and a beta of 0.61. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average price of $197.66 and a 200 day moving average price of $193.40.

Gulfport Energy (NYSE:GPOR - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $373.24 million.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, Director Timothy J. Cutt sold 5,000 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $208.73, for a total transaction of $1,043,650.00. Following the transaction, the director owned 26,255 shares of the company's stock, valued at approximately $5,480,206.15. This represents a 16.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Sluiter sold 9,933 shares of Gulfport Energy stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $210.00, for a total value of $2,085,930.00. Following the completion of the sale, the senior vice president directly owned 11,980 shares of the company's stock, valued at $2,515,800. This trade represents a 45.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 893,835 shares of company stock worth $182,476,994 over the last ninety days. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Gulfport Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in Gulfport Energy during the third quarter worth about $28,000. Financial Consulate Inc. acquired a new stake in shares of Gulfport Energy in the 3rd quarter valued at approximately $31,000. Allworth Financial LP boosted its stake in Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company's stock worth $33,000 after acquiring an additional 85 shares during the last quarter. Federated Hermes Inc. grew its holdings in Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company's stock valued at $40,000 after purchasing an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company's stock valued at $50,000 after purchasing an additional 197 shares during the period.

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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