Paul D. Westerman Buys 10,000 Shares of Gulfport Energy Corporation (GPOR) Stock

Gulfport Energy Corporation (NASDAQ:GPOR) Director Paul D. Westerman acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average price of $12.75 per share, with a total value of $127,500.00. Following the completion of the purchase, the director now owns 15,488 shares in the company, valued at approximately $197,472. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Gulfport Energy Corporation (GPOR) opened at $12.65 on Wednesday. The stock has a market capitalization of $2,337.96, a P/E ratio of 9.75, a PEG ratio of 0.31 and a beta of 0.69. Gulfport Energy Corporation has a twelve month low of $10.90 and a twelve month high of $29.92. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67.

Gulfport Energy (NASDAQ:GPOR) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). The firm had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $302.33 million. Gulfport Energy had a return on equity of 7.99% and a net margin of 3.88%. The firm’s revenue was up 37.1% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. equities research analysts predict that Gulfport Energy Corporation will post 1.38 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Gulfport Energy by 11.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after acquiring an additional 712 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Gulfport Energy by 76.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after acquiring an additional 4,153 shares in the last quarter. World Asset Management Inc purchased a new stake in shares of Gulfport Energy during the 2nd quarter worth approximately $150,000. BKS Advisors LLC purchased a new stake in shares of Gulfport Energy during the 3rd quarter worth approximately $161,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of Gulfport Energy by 4.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after acquiring an additional 520 shares in the last quarter. 86.93% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on GPOR. BidaskClub upgraded Gulfport Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Williams Capital set a $21.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Stifel Nicolaus dropped their price target on Gulfport Energy from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, August 14th. Scotiabank set a $22.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research note on Saturday, November 25th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $21.00 price target (down from $22.00) on shares of Gulfport Energy in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $22.26.

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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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