Gulfport Energy Corporation (GPOR) CFO Keri Crowell Sells 16,000 Shares

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

Shares of Gulfport Energy Corporation (NASDAQ GPOR) traded down $0.28 during trading hours on Wednesday, hitting $12.06. 3,474,900 shares of the stock traded hands, compared to its average volume of 3,712,989. The stock has a market cap of $2,210.00, a P/E ratio of 9.42, a PEG ratio of 0.30 and a beta of 0.69. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy Corporation has a twelve month low of $10.90 and a twelve month high of $23.11.

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 for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company 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 quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. equities research analysts expect that Gulfport Energy Corporation will post 1.36 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its position in Gulfport Energy by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 67,100 shares of the oil and gas producer’s stock valued at $990,000 after purchasing an additional 1,000 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in Gulfport Energy by 65.6% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 25,750 shares of the oil and gas producer’s stock valued at $380,000 after purchasing an additional 10,200 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Gulfport Energy by 122.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock valued at $48,092,000 after purchasing an additional 1,794,132 shares during the last quarter. Swiss National Bank raised its position in Gulfport Energy by 4.0% in the 3rd quarter. Swiss National Bank now owns 275,258 shares of the oil and gas producer’s stock valued at $3,947,000 after purchasing an additional 10,700 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Gulfport Energy by 4.5% in the 2nd quarter. Principal Financial Group Inc. now owns 650,219 shares of the oil and gas producer’s stock valued at $9,591,000 after purchasing an additional 27,808 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Several research analysts have commented on the stock. Williams Capital set a $18.00 price target on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Monday, October 23rd. Credit Suisse Group assumed coverage on shares of Gulfport Energy in a report on Monday, December 11th. They set a “neutral” rating and a $15.00 price target for the company. KeyCorp set a $18.00 price target on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Thursday, October 19th. Imperial Capital assumed coverage on shares of Gulfport Energy in a report on Tuesday, September 19th. They set an “outperform” rating and a $19.00 price target for the company. Finally, Piper Jaffray Companies lowered their price target on shares of Gulfport Energy from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $20.81.

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Gulfport Energy Company Profile

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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