Gulfport Energy (NYSE:GPOR) CEO Acquires $256,976.00 in Stock

Gulfport Energy Corporation (NYSE:GPOR) CEO Domenic Dell’osso, Jr. bought 1,600 shares of the company’s stock in a transaction on Friday, August 7th. The stock was bought at an average price of $160.61 per share, for a total transaction of $256,976.00. Following the completion of the purchase, the chief executive officer directly owned 24,349 shares in the company, valued at approximately $3,910,692.89. This represents a 7.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Gulfport Energy Price Performance

GPOR opened at $169.03 on Thursday. Gulfport Energy Corporation has a 12-month low of $149.18 and a 12-month high of $225.78. The business’s fifty day simple moving average is $161.25 and its 200-day simple moving average is $183.40. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 6.76 and a beta of 0.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. UBS Group reduced their price target on shares of Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Truist Financial lowered their price objective on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings lowered shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Finally, Zacks Research cut shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Gulfport Energy presently has an average rating of “Moderate Buy” and an average target price of $223.11.

Institutional Investors Weigh In On Gulfport Energy

A number of large investors have recently modified their holdings of GPOR. BOKF NA grew its stake in Gulfport Energy by 66.7% during the 4th quarter. BOKF NA now owns 25,000 shares of the company’s stock valued at $5,200,000 after acquiring an additional 10,000 shares in the last quarter. Jennison Associates LLC lifted its stake in Gulfport Energy by 14.2% in the 4th quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock worth $139,662,000 after purchasing an additional 83,613 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Gulfport Energy by 449.7% during the 4th quarter. State of Alaska Department of Revenue now owns 3,914 shares of the company’s stock worth $813,000 after purchasing an additional 3,202 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Gulfport Energy by 698.0% during the 1st quarter. Quantinno Capital Management LP now owns 16,312 shares of the company’s stock worth $3,451,000 after purchasing an additional 14,268 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. grew its position in shares of Gulfport Energy by 18.3% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 191,991 shares of the company’s stock valued at $39,932,000 after purchasing an additional 29,631 shares in the last quarter.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.