Gulfport Energy (NYSE:GPOR) Trading Down 4% - Here's Why

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)'s stock price fell 4% on Monday . The stock traded as low as $160.95 and last traded at $160.95. 162,720 shares changed hands during 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

Several research firms recently weighed in on GPOR. UBS Group decreased their price target on Gulfport Energy from $240.00 to $227.00 and set a "buy" rating on the stock in a report on Wednesday. Bank of America increased their price target on Gulfport Energy from $217.00 to $218.00 and gave the company a "buy" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. increased their price target on Gulfport Energy from $208.00 to $236.00 and gave the company an "overweight" rating in a report on Friday, July 11th. TD Cowen raised Gulfport Energy to a "strong-buy" rating in a research report on Monday, July 7th. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $215.00 price objective (up previously from $205.00) on shares of Gulfport Energy in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $224.00.

Gulfport Energy Trading Up 0.5%

The stock's 50-day simple moving average is $180.89. The firm has a market capitalization of $2.97 billion, a P/E ratio of -23.57 and a beta of 0.62. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42.

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

Insiders Place Their Bets

In other news, Director Jason Joseph Martinez sold 700 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $193.69, for a total transaction of $135,583.00. Following the transaction, the director owned 4,888 shares of the company's stock, valued at approximately $946,756.72. This represents a 12.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew Willrath sold 633 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $193.83, for a total value of $122,694.39. Following the transaction, the chief accounting officer directly owned 2,342 shares in the company, valued at $453,949.86. The trade was a 21.28% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gulfport Energy

A number of institutional investors have recently added to or reduced their stakes in GPOR. Strs Ohio bought a new stake in Gulfport Energy during the first quarter valued at about $239,000. Rhumbline Advisers boosted its position in Gulfport Energy by 1.2% during the first quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock valued at $3,798,000 after purchasing an additional 248 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Gulfport Energy by 337.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company's stock valued at $12,412,000 after purchasing an additional 47,600 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in Gulfport Energy during the second quarter valued at about $263,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Gulfport Energy during the second quarter valued at about $557,000.

About Gulfport Energy

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.