GeoSphere Capital Management LLC Sells 5,000 Shares of Gulfport Energy Corporation $GPOR

GeoSphere Capital Management LLC lowered its stake in Gulfport Energy Corporation (NYSE:GPOR) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,000 shares of the company’s stock after selling 5,000 shares during the period. Gulfport Energy makes up 1.2% of GeoSphere Capital Management LLC’s holdings, making the stock its 16th biggest holding. GeoSphere Capital Management LLC’s holdings in Gulfport Energy were worth $3,536,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Gulfport Energy in the fourth quarter worth $2,478,000. IFP Advisors Inc increased its position in shares of Gulfport Energy by 20,951.9% in the third quarter. IFP Advisors Inc now owns 10,947 shares of the company’s stock worth $1,981,000 after purchasing an additional 10,895 shares during the period. Victory Capital Management Inc. increased its position in shares of Gulfport Energy by 67.9% in the third quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock worth $63,525,000 after purchasing an additional 142,002 shares during the period. Coastal Bridge Advisors LLC bought a new position in shares of Gulfport Energy in the third quarter worth $1,837,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Gulfport Energy in the third quarter worth $13,574,000.

Insider Activity

In other news, SVP Michael Sluiter sold 9,933 shares of Gulfport Energy stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $210.00, for a total transaction of $2,085,930.00. Following the sale, the senior vice president directly owned 11,980 shares of the company’s stock, valued at approximately $2,515,800. This trade represents a 45.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael L. Hodges sold 16,769 shares of Gulfport Energy stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $210.70, for a total value of $3,533,228.30. Following the sale, the chief financial officer directly owned 18,473 shares in the company, valued at $3,892,261.10. The trade was a 47.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 876,258 shares of company stock valued at $179,141,707. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on GPOR shares. Mizuho raised their price target on Gulfport Energy from $248.00 to $251.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings raised Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Bank of America raised their price objective on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Finally, TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Gulfport Energy has an average rating of “Moderate Buy” and an average price target of $230.11.

Gulfport Energy Stock Performance

NYSE:GPOR opened at $178.26 on Monday. The stock’s 50-day simple moving average is $195.06 and its 200 day simple moving average is $199.66. The firm has a market capitalization of $3.20 billion, a PE ratio of 6.09 and a beta of 0.46. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. Gulfport Energy Corporation has a twelve month low of $160.95 and a twelve month high of $225.78.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing the consensus estimate of $5.61 by ($0.01). The business had revenue of $398.19 million during the quarter, compared to analyst estimates of $373.24 million. Gulfport Energy had a net margin of 35.72% and a return on equity of 23.51%. On average, analysts anticipate that Gulfport Energy Corporation will post 24.82 EPS for the current fiscal year.

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.