Insider Selling: Gulfport Energy Corporation (GPOR) CFO Sells 16,000 Shares of Stock

Gulfport Energy Corporation (NASDAQ:GPOR) CFO Keri Crowell sold 16,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $12.16, for a total transaction of $194,560.00. Following the completion of the transaction, the chief financial officer now owns 81,092 shares in the company, valued at $986,078.72. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) traded down $0.34 during trading on Thursday, hitting $12.71. 2,358,600 shares of the stock traded hands, compared to its average volume of 3,149,586. Gulfport Energy Corporation has a fifty-two week low of $10.90 and a fifty-two week high of $22.35. The firm has a market cap of $2,380.00, a PE ratio of -47.07, a price-to-earnings-growth ratio of 0.27 and a beta of 0.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57.

Gulfport Energy (NASDAQ:GPOR) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The business had revenue of $265.50 million during the quarter, compared to analysts’ expectations of $302.33 million. Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The firm’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. analysts expect that Gulfport Energy Corporation will post 1.36 earnings per share for the current year.

GPOR has been the subject of a number of analyst reports. SunTrust Banks reaffirmed a “buy” rating and issued a $26.00 price target on shares of Gulfport Energy in a report on Friday, December 8th. KeyCorp reissued a “buy” rating and set a $18.00 target price on shares of Gulfport Energy in a report on Friday, November 24th. Zacks Investment Research cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Williams Capital set a $18.00 price target on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Morgan Stanley raised their price target on shares of Gulfport Energy from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $20.86.

A number of institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new position in Gulfport Energy during the 3rd quarter worth $223,000. GeoSphere Capital Management acquired a new stake in Gulfport Energy in the 3rd quarter valued at about $1,434,000. California Public Employees Retirement System grew its stake in Gulfport Energy by 1.9% in the 3rd quarter. California Public Employees Retirement System now owns 731,188 shares of the oil and gas producer’s stock valued at $10,485,000 after acquiring an additional 13,888 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in Gulfport Energy by 384.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 69,789 shares of the oil and gas producer’s stock valued at $1,001,000 after acquiring an additional 55,389 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Gulfport Energy by 22.6% in the 3rd quarter. Janus Henderson Group PLC now owns 6,467,222 shares of the oil and gas producer’s stock valued at $92,740,000 after acquiring an additional 1,193,723 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

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About Gulfport Energy

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

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