Insider Selling: Gulfport Energy (NYSE:GPOR) CAO Sells $59,374.25 in Stock

Key Points

• Gulfport Energy’s chief accounting officer Matthew Willrath sold 325 shares at an average price of $182.69, totaling $59,374.25. His remaining direct ownership fell 13.24% to 2,130 shares.
• GPOR shares traded at $181.92, while the company reported quarterly EPS of $4.85, beating analyst expectations by $1.03, on revenue of $323.23 million.
• Analyst sentiment remains moderately bullish, with a consensus rating of “Moderate Buy” and an average price target of $223.11, despite some recent downgrades and target-price reductions.

Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) CAO Matthew Willrath sold 325 shares of Gulfport Energy stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total value of $59,374.25. Following the completion of the transaction, the chief accounting officer directly owned 2,130 shares of the company's stock, valued at $389,129.70. This represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gulfport Energy Price Performance

Shares of GPOR traded up $1.47 during trading hours on Thursday, hitting $181.92. 232,799 shares of the company were exchanged, compared to its average volume of 348,766. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 7.28 and a beta of 0.43. Gulfport Energy Corporation has a fifty-two week low of $149.18 and a fifty-two week high of $225.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The firm's fifty day moving average is $164.34 and its 200 day moving average is $180.61.

Gulfport Energy (NYSE:GPOR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $4.85 EPS for the quarter, beating analysts' consensus estimates of $3.82 by $1.03. The business had revenue of $323.23 million during the quarter. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%. On average, equities analysts anticipate that Gulfport Energy Corporation will post 22.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its holdings in Gulfport Energy by 16,390.6% in the 2nd quarter. California State Teachers Retirement System now owns 3,099,740 shares of the company's stock worth $526,026,000 after purchasing an additional 3,080,943 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Gulfport Energy by 4,946.1% during the first quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company's stock valued at $98,892,000 after purchasing an additional 458,156 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Gulfport Energy by 1,281.6% during the third quarter. Millennium Management LLC now owns 426,034 shares of the company's stock worth $77,104,000 after purchasing an additional 395,197 shares during the last quarter. Ninepoint Partners LP bought a new stake in shares of Gulfport Energy during the fourth quarter worth about $41,598,000. Finally, Victory Capital Management Inc. increased its stake in shares of Gulfport Energy by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company's stock valued at $109,692,000 after buying an additional 176,386 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GPOR shares. Truist Financial reduced their target price on Gulfport Energy from $190.00 to $186.00 and set a "hold" rating on the stock in a report on Wednesday, August 5th. Zacks Research cut Gulfport Energy from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. UBS Group reduced their price objective on Gulfport Energy from $223.00 to $214.00 and set a "buy" rating on the stock in a research note on Wednesday, August 5th. Mizuho upgraded Gulfport Energy from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Finally, Weiss Ratings downgraded Gulfport Energy from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Gulfport Energy presently has an average rating of "Moderate Buy" and a consensus target price of $223.11.

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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