Gulfport Energy (NYSE:GPOR) Trading Down 4% - Should You Sell?

Key Points

• Gulfport Energy's stock decreased by 4% on Monday, trading at $160.95, with a significant drop in trading volume compared to the average.
• Analysts have a positive outlook on Gulfport Energy, with five rating it as a "buy" and one as a "strong buy," leading to a consensus target price of $231.00.
• The company reported $4.06 EPS in its recent quarterly earnings, missing analysts' expectations by $0.85, despite surpassing revenue expectations at $447.62 million.

Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) traded down 4% during trading on Monday . The company traded as low as $160.95 and last traded at $160.95. 162,720 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 252,005 shares. The stock had previously closed at $167.57.

Analysts Set New Price Targets

GPOR has been the subject of several research analyst reports. TD Cowen raised shares of Gulfport Energy to a "strong-buy" rating in a research note on Monday, July 7th. Wall Street Zen upgraded shares of Gulfport Energy from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Bank of America lifted their price objective on shares of Gulfport Energy from $217.00 to $218.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. upped their target price on shares of Gulfport Energy from $208.00 to $236.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, KeyCorp reissued an "overweight" rating and set a $215.00 price objective (up from $205.00) on shares of Gulfport Energy in a research note on Thursday, May 22nd. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Gulfport Energy has an average rating of "Buy" and a consensus target price of $231.00.

Gulfport Energy Stock Performance

The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.88 billion, a P/E ratio of -22.80 and a beta of 0.62. The business's fifty day moving average price is $183.30.

Gulfport Energy (NYSE:GPOR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $4.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.91 by ($0.85). Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%. The business had revenue of $447.62 million for the quarter, compared to analysts' expectations of $334.57 million.

Insider Activity at Gulfport Energy

In related news, CAO Matthew Willrath sold 633 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $193.83, for a total value of $122,694.39. Following the completion of the sale, the chief accounting officer directly owned 2,342 shares of the company's stock, valued at $453,949.86. This represents a 21.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jason Joseph Martinez sold 700 shares of the firm's 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 transaction, the director directly owned 4,888 shares in the company, valued at $946,756.72. This trade represents a 12.53% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gulfport Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of GPOR. Jennison Associates LLC lifted its stake in shares of Gulfport Energy by 49.3% during the second quarter. Jennison Associates LLC now owns 565,194 shares of the company's stock worth $113,700,000 after buying an additional 186,531 shares during the period. State Street Corp lifted its position in Gulfport Energy by 1.8% during the 2nd quarter. State Street Corp now owns 482,458 shares of the company's stock worth $97,056,000 after acquiring an additional 8,668 shares during the period. Adage Capital Partners GP L.L.C. grew its stake in Gulfport Energy by 10.2% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company's stock valued at $80,630,000 after purchasing an additional 36,953 shares during the last quarter. Geode Capital Management LLC grew its stake in Gulfport Energy by 10.5% during the 2nd quarter. Geode Capital Management LLC now owns 332,557 shares of the company's stock valued at $66,912,000 after purchasing an additional 31,682 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Gulfport Energy by 10.5% in the second quarter. Qube Research & Technologies Ltd now owns 188,768 shares of the company's stock valued at $37,974,000 after purchasing an additional 17,915 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.