Gulfport Energy (NYSE:GPOR) Posts Earnings Results, Beats Expectations By $991.30 EPS

Gulfport Energy (NYSE:GPOR) posted its quarterly earnings data on Tuesday. The company reported $999.00 EPS for the quarter, beating analysts’ consensus estimates of $7.70 by $991.30, reports. Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.The business had revenue of $437.53 million during the quarter, compared to analysts’ expectations of $383.00 million.

Gulfport Energy Price Performance

Shares of Gulfport Energy stock traded down $11.03 during trading hours on Wednesday, reaching $184.21. 189,465 shares of the company’s stock were exchanged, compared to its average volume of 331,766. The business has a fifty day moving average of $200.75 and a two-hundred day moving average of $199.90. The company has a market capitalization of $3.32 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 0.95 and a beta of 0.46. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Gulfport Energy has a 1 year low of $160.95 and a 1 year high of $225.78.

Insider Activity

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total value of $85,360.00. Following the transaction, the director directly owned 3,888 shares of the company’s stock, valued at $829,699.20. This trade represents a 9.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Silver Point Capital L.P. sold 759,740 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $204.22, for a total value of $155,154,102.80. Following the transaction, the director owned 2,690,145 shares in the company, valued at approximately $549,381,411.90. This represents a 22.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 876,258 shares of company stock valued at $179,141,707 in the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gulfport Energy

A number of institutional investors have recently added to or reduced their stakes in GPOR. Polymer Capital Management US LLC grew its holdings in Gulfport Energy by 3.8% in the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock valued at $397,000 after buying an additional 81 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of Gulfport Energy by 0.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock valued at $3,588,000 after acquiring an additional 108 shares during the last quarter. Fiduciary Trust Co boosted its position in shares of Gulfport Energy by 13.4% during the 3rd quarter. Fiduciary Trust Co now owns 1,272 shares of the company’s stock valued at $230,000 after acquiring an additional 150 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Gulfport Energy in the third quarter valued at about $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Gulfport Energy by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock worth $1,391,000 after purchasing an additional 181 shares during the last quarter.

Analyst Upgrades and Downgrades

GPOR has been the subject of several recent analyst reports. Zacks Research raised shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. UBS Group cut their target price on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Weiss Ratings raised shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Truist Financial initiated coverage on Gulfport Energy in a report on Tuesday, March 24th. They issued a “hold” rating and a $230.00 price objective on the stock. Finally, Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Gulfport Energy has an average rating of “Moderate Buy” and an average price target of $231.33.

About Gulfport Energy

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.