Gulfport Energy Corporation $GPOR Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 11.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,455 shares of the company’s stock after selling 444 shares during the quarter. Voya Investment Management LLC’s holdings in Gulfport Energy were worth $636,000 at the end of the most recent quarter.

Separately, Strs Ohio purchased a new stake in shares of Gulfport Energy during the 1st quarter valued at about $239,000.

Gulfport Energy Price Performance

GPOR opened at $176.69 on Friday. Gulfport Energy Corporation has a 12-month low of $136.45 and a 12-month high of $210.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3.10 billion, a PE ratio of -24.61 and a beta of 0.62. The company has a fifty day moving average of $171.11.

Gulfport Energy (NYSE:GPOR) last released its earnings results on Tuesday, August 5th. The company reported $4.06 earnings per share for the quarter, missing the consensus estimate of $4.91 by ($0.85). Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.The company had revenue of $447.62 million during the quarter, compared to the consensus estimate of $334.57 million.

Insider Buying and Selling

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total transaction of $102,942.00. Following the transaction, the director owned 4,288 shares of the company’s stock, valued at $735,692.16. This trade represents a 12.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GPOR. UBS Group decreased their price target on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Mizuho decreased their target price on shares of Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Wall Street Zen raised shares of Gulfport Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of Gulfport Energy from $208.00 to $236.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Finally, TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Gulfport Energy currently has an average rating of “Moderate Buy” and a consensus target price of $217.00.

About Gulfport Energy

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.