Insider Selling: Gulfport Energy VP Sells 2,000 Shares of Stock (GPOR)
Gulfport Energy (NASDAQ:GPOR) VP Stuart Maier sold 2,000 shares of the stock on the open market in a transaction dated Friday, June 20th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the sale, the vice president now directly owns 37,111 shares of the company’s stock, valued at approximately $2,412,215. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Gulfport Energy (NASDAQ:GPOR) traded down 1.04% on Friday, hitting $64.65. The stock had a trading volume of 1,429,677 shares. Gulfport Energy has a 52 week low of $45.78 and a 52 week 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 price-to-earnings ratio of 27.69.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data 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.
Several analysts have recently commented on the stock. 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 given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target 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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