Insider Selling: Gulfport Energy Director Sells 2,000 Shares of Stock (GPOR)
Gulfport Energy (NASDAQ:GPOR) Director Craig Groeschel sold 2,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $57.12, for a total transaction of $114,240.00. Following the completion of the transaction, the director now directly owns 8,811 shares in the company, valued at approximately $503,284. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Gulfport Energy in a research note on Monday, August 11th. They set a “buy” rating and a $70.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Barclays cut their price target on shares of Gulfport Energy from $77.00 to $74.00 in a research note on Monday, August 11th. They now have an “overweight” rating on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a research note on Monday, August 11th. They now have a $70.00 price target on the stock. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $77.57.
Shares of Gulfport Energy (NASDAQ:GPOR) traded up 0.57% on Thursday, hitting $57.605. 691,725 shares of the company’s stock traded hands. Gulfport Energy has a 1-year low of $51.59 and a 1-year high of $75.75. The stock’s 50-day moving average is $57.55 and its 200-day moving average is $63.81. The company has a market cap of $4.925 billion and a price-to-earnings ratio of 24.32.
Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.09. The company had revenue of $114.76 million for the quarter, compared to the consensus estimate of $121.19 million. During the same quarter last year, the company posted $0.56 earnings per share. Gulfport Energy’s revenue was up 63.0% compared to the same quarter last year. On average, analysts predict that Gulfport Energy will post $0.64 earnings per share for the current fiscal year.
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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