Gulfport Energy VP Sells $130,040 in Stock (GPOR)
Gulfport Energy (NASDAQ:GPOR) VP Steve Baldwin sold 2,000 shares of Gulfport Energy stock on the open market in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $65.02, for a total transaction of $130,040.00. Following the completion of the transaction, the vice president now directly owns 41,900 shares in the company, valued at approximately $2,724,338. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Gulfport Energy (NASDAQ:GPOR) traded down 1.04% during mid-day trading on Friday, hitting $64.65. 1,429,677 shares of the company’s stock traded hands. Gulfport Energy has a 1-year low of $45.78 and a 1-year high of $75.75. The stock has a 50-day moving average of $64.20 and a 200-day moving average of $63.. The company has a market cap of $5.523 billion and a P/E ratio of 27.69.
Gulfport Energy (NASDAQ:GPOR) last announced its earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20. The company had revenue of $118.00 million for the quarter, compared to the consensus estimate of $123.63 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 114.5% on a year-over-year basis. On average, analysts predict that Gulfport Energy will post $0.85 earnings per share for the current fiscal year.
A number of research firms have recently commented on GPOR. Analysts at SunTrust raised their price target on shares of Gulfport Energy from $83.00 to $85.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Stephens downgraded shares of Gulfport Energy from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 16th. Finally, analysts at Goldman Sachs cut their price target on shares of Gulfport Energy from $82.00 to $80.00 in a research note on Thursday, May 15th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Gulfport Energy currently has an average rating of “Buy” and an average target price of $77.13.
Gulfport Energy Corporation (NASDAQ:GPOR) is an independent oil and natural gas exploration and production company with its principal producing properties located along the Louisiana Gulf Coast in the West Cote Blanche Bay, or WCBB, and Hackberry fields, and in West Texas in the Permian Basin.
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