Insider Selling: Gulfport Energy (NYSE:GPOR) COO Sells $2,002,698.52 in Stock

Gulfport Energy Corporation (NYSE:GPOR) COO Matthew Rucker sold 10,732 shares of Gulfport Energy stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $186.61, for a total transaction of $2,002,698.52. Following the transaction, the chief operating officer owned 12,893 shares in the company, valued at $2,405,962.73. This represents a 45.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gulfport Energy Price Performance

Shares of Gulfport Energy stock opened at $179.64 on Friday. The stock has a market cap of $3.47 billion, a P/E ratio of -94.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The stock’s fifty day moving average is $206.02 and its 200 day moving average is $187.92. Gulfport Energy Corporation has a one year low of $153.27 and a one year high of $225.78.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.The company had revenue of $379.75 million during the quarter, compared to analysts’ expectations of $343.18 million.

Analyst Upgrades and Downgrades

GPOR has been the subject of a number of recent analyst reports. KeyCorp upped their price target on shares of Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Evercore ISI upped their target price on shares of Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a report on Monday, November 10th. Zacks Research lowered Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. Tudor Pickering downgraded Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Jefferies Financial Group assumed coverage on Gulfport Energy in a research note on Thursday, October 23rd. They issued a “buy” rating and a $250.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $230.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of Gulfport Energy in the third quarter worth about $28,000. Financial Consulate Inc. bought a new position in Gulfport Energy during the third quarter valued at approximately $31,000. Federated Hermes Inc. grew its holdings in Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after buying an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 197 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Gulfport Energy during the 2nd quarter worth approximately $85,000.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.