Gulfport Energy Target of Unusually High Options Trading (GPOR)

Gulfport Energy Co. (NASDAQ:GPOR) saw unusually large options trading activity on Monday. Investors bought 44,953 call options on the stock. This is an increase of 8,646% compared to the average volume of 514 call options.

In other Gulfport Energy news, Director Paul D. Westerman bought 10,000 shares of the stock in a transaction dated Tuesday, November 20th. The shares were bought at an average cost of $8.44 per share, with a total value of $84,400.00. Following the completion of the acquisition, the director now owns 56,689 shares of the company’s stock, valued at $478,455.16. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.32% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in shares of Gulfport Energy during the second quarter worth $101,000. Dupont Capital Management Corp bought a new stake in shares of Gulfport Energy during the third quarter worth $103,000. Sigma Planning Corp bought a new stake in shares of Gulfport Energy during the second quarter worth $154,000. Riverhead Capital Management LLC bought a new stake in shares of Gulfport Energy during the third quarter worth $147,000. Finally, Alambic Investment Management L.P. bought a new stake in shares of Gulfport Energy during the third quarter worth $149,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

GPOR has been the topic of several recent research reports. Oppenheimer initiated coverage on shares of Gulfport Energy in a report on Wednesday, October 3rd. They set an “outperform” rating and a $18.00 target price on the stock. BidaskClub cut shares of Gulfport Energy from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Morgan Stanley raised their target price on shares of Gulfport Energy from $7.00 to $8.00 and gave the stock a “sell” rating in a report on Monday, November 5th. Williams Capital set a $16.00 target price on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Thursday, October 18th. Finally, Zacks Investment Research raised shares of Gulfport Energy from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, October 16th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Gulfport Energy presently has a consensus rating of “Hold” and a consensus price target of $13.11.

Shares of NASDAQ:GPOR opened at $8.86 on Tuesday. The company has a market capitalization of $1.48 billion, a P/E ratio of 6.28, a PEG ratio of 0.35 and a beta of 0.48. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.64. Gulfport Energy has a 1 year low of $8.07 and a 1 year high of $13.74.

Gulfport Energy (NASDAQ:GPOR) last announced its quarterly earnings data on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. The business had revenue of $360.96 million for the quarter, compared to analysts’ expectations of $360.39 million. Gulfport Energy had a net margin of 33.89% and a return on equity of 10.26%. As a group, equities analysts predict that Gulfport Energy will post 1.81 EPS for the current fiscal year.

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Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.

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