Gulfport Energy Corporation (GPOR) VP Steve Baldwin Sells 4,000 Shares of Stock

Gulfport Energy Corporation (NASDAQ:GPOR) VP Steve Baldwin sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $12.17, for a total value of $48,680.00. Following the completion of the transaction, the vice president now owns 32,634 shares of the company’s stock, valued at $397,155.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Gulfport Energy Corporation (NASDAQ GPOR) traded down $0.28 during midday trading on Wednesday, hitting $12.06. The stock had a trading volume of 3,474,900 shares, compared to its average volume of 3,712,989. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. The company has a market cap of $2,210.00, a P/E ratio of 9.42, a P/E/G ratio of 0.30 and a beta of 0.69. Gulfport Energy Corporation has a 52-week low of $10.90 and a 52-week high of $23.11.

Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The firm had revenue of $265.50 million for the quarter, compared to the consensus estimate 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 was up 37.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 earnings per share. equities analysts expect that Gulfport Energy Corporation will post 1.36 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Utah Retirement Systems raised its holdings in Gulfport Energy by 0.3% during the 2nd quarter. Utah Retirement Systems now owns 29,100 shares of the oil and gas producer’s stock valued at $429,000 after buying an additional 100 shares during the period. Teacher Retirement System of Texas raised its holdings in 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 valued at $190,000 after buying an additional 520 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 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 valued at $100,000 after buying an additional 712 shares during the period. Comerica Bank raised its holdings in Gulfport Energy by 0.3% during the 2nd quarter. Comerica Bank now owns 209,326 shares of the oil and gas producer’s stock valued at $2,698,000 after buying an additional 720 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Gulfport Energy by 3.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 21,982 shares of the oil and gas producer’s stock valued at $323,000 after buying an additional 786 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

GPOR has been the subject of several recent analyst reports. KeyCorp set a $18.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research note on Thursday, October 19th. Jefferies Group set a $20.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Zacks Investment Research upgraded Gulfport Energy from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday, October 4th. Mizuho restated a “buy” rating and issued a $23.00 price target on shares of Gulfport Energy in a research note on Wednesday, October 4th. Finally, Scotiabank restated a “buy” rating and issued a $23.00 price target on shares of Gulfport Energy in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company. Gulfport Energy currently has an average rating of “Buy” and a consensus target price of $20.81.

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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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