Insider Selling: Donald L. Dillingham Sells 2,000 Shares of Gulfport Energy Stock (GPOR)
Gulfport Energy (NASDAQ:GPOR) Director Donald L. Dillingham sold 2,000 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $58.56, for a total transaction of $117,120.00. Following the sale, the director now directly owns 10,156 shares in the company, valued at approximately $594,735. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Gulfport Energy (NASDAQ:GPOR) traded down 1.09% on Tuesday, hitting $57.86. 928,431 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 has a 50-day moving average of $56.59 and a 200-day moving average of $63.76. The company has a market cap of $4.947 billion and a P/E ratio of 24.84.
Gulfport Energy (NASDAQ:GPOR) last released its earnings data on Wednesday, August 6th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 63.0% on a year-over-year basis. On average, analysts predict that Gulfport Energy will post $0.63 earnings per share for the current fiscal year.
A number of research firms have recently commented on GPOR. 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 research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Gulfport Energy presently has an average rating of “Buy” and an average target price of $77.57.
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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