Gulfport Energy (NYSE:GPOR) Issues Earnings Results
by Doug Wharley · The Cerbat GemGulfport Energy (NYSE:GPOR – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $999.00 EPS for the quarter, topping the consensus estimate of $7.70 by $991.30, reports. Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.
Gulfport Energy Stock Up 0.3%
NYSE:GPOR traded up $0.66 during midday trading on Tuesday, reaching $195.42. The company had a trading volume of 385,826 shares, compared to its average volume of 333,568. Gulfport Energy has a 12-month low of $160.95 and a 12-month high of $225.78. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.93 and a beta of 0.46. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $200.94 and its 200-day simple moving average is $199.81.
Wall Street Analyst Weigh In
GPOR has been the topic of several research reports. Wolfe Research lowered Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Wall Street Zen lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. UBS Group reduced their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings raised shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Finally, TD Cowen upgraded shares of Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gulfport Energy has an average rating of “Moderate Buy” and an average price target of $230.00.
Get Our Latest Research Report on Gulfport Energy
Insider Buying and Selling
In other news, SVP Michael Sluiter sold 9,933 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $210.00, for a total transaction of $2,085,930.00. Following the completion of the transaction, the senior vice president directly owned 11,980 shares of the company’s stock, valued at approximately $2,515,800. The trade was a 45.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Silver Point Capital L.P. sold 84,416 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $204.22, for a total transaction of $17,239,435.52. Following the sale, the director owned 2,605,729 shares in the company, valued at $532,141,976.38. The trade was a 3.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 876,258 shares of company stock worth $179,141,707 over the last ninety days. Company insiders own 0.70% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Gulfport Energy by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 595,613 shares of the company’s stock valued at $123,892,000 after purchasing an additional 34,716 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Gulfport Energy by 50.3% during the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock worth $109,692,000 after purchasing an additional 176,386 shares in the last quarter. State Street Corp grew its stake in shares of Gulfport Energy by 1.8% during the second quarter. State Street Corp now owns 482,458 shares of the company’s stock worth $97,056,000 after purchasing an additional 8,668 shares in the last quarter. Millennium Management LLC increased its holdings in Gulfport Energy by 1,281.6% in the third quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after buying an additional 395,197 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in Gulfport Energy by 10.2% in the second quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company’s stock valued at $80,630,000 after buying an additional 36,953 shares in the last quarter.
About Gulfport Energy
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.