Gulfport Energy (NYSE:GPOR) Director Jason Joseph Martinez Sells 600 Shares

Key Points

• Gulfport Energy Director Jason Joseph Martinez sold 600 shares on September 9th, reducing his stake by 12.27%, with total proceeds of $102,942.
• The company's stock price increased 0.2% to $170.31, despite reporting earnings that missed consensus estimates in the latest quarter.
• Analysts maintain a generally positive outlook on Gulfport Energy, with a consensus price target of $221.50 and several upgrades from institutions and equity analysts.

Gulfport Energy Corporation (NYSE:GPOR - Get Free Report) Director Jason Joseph Martinez sold 600 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total value of $102,942.00. Following the sale, the director directly owned 4,288 shares of the company's stock, valued at $735,692.16. This represents a 12.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Gulfport Energy Stock Performance

GPOR traded up $0.03 during midday trading on Friday, reaching $174.04. 197,383 shares of the company were exchanged, compared to its average volume of 229,044. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a fifty day moving average of $173.14. The company has a market cap of $3.06 billion, a P/E ratio of -24.24 and a beta of 0.62. Gulfport Energy Corporation has a one year low of $136.45 and a one year high of $210.32.

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

Hedge Funds Weigh In On Gulfport Energy

Institutional investors have recently bought and sold shares of the company. Congress Asset Management Co. purchased a new position in Gulfport Energy in the second quarter valued at approximately $6,905,000. Sheets Smith Wealth Management purchased a new position in Gulfport Energy in the second quarter valued at approximately $688,000. Strs Ohio purchased a new position in Gulfport Energy in the first quarter valued at approximately $239,000. Assenagon Asset Management S.A. lifted its stake in Gulfport Energy by 243.6% in the second quarter. Assenagon Asset Management S.A. now owns 42,763 shares of the company's stock valued at $8,603,000 after purchasing an additional 30,317 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in Gulfport Energy in the second quarter valued at approximately $2,589,000.

Wall Street Analyst Weigh In

A number of analysts have commented on GPOR shares. TD Cowen raised Gulfport Energy to a "strong-buy" rating in a report on Monday, July 7th. Wall Street Zen upgraded Gulfport Energy from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. KeyCorp cut their target price on Gulfport Energy from $215.00 to $205.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 3rd. William Blair initiated coverage on Gulfport Energy in a research note on Monday, August 25th. They issued an "outperform" rating on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Gulfport Energy from $208.00 to $236.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Gulfport Energy has a consensus rating of "Moderate Buy" and a consensus target price of $221.50.

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.