On December 2, 2023, Silver Point Capital L.P., a director at Gulfport Energy Corporation (NYSE: GPOR), sold 45,546 shares of the company’s stock in a transaction valued at approximately $10,000,079.76. The shares were sold at an average price of $219.56 each, resulting in a decrease of 1.30% in Silver Point Capital’s holdings. Following this sale, the director retains ownership of 3,449,885 shares, which are currently valued at around $757,456,750.60.
The transaction was disclosed in a filing with the Securities and Exchange Commission, which provides transparency regarding insider trading activities. This sale reflects ongoing market dynamics as Gulfport Energy’s stock experienced fluctuations in its trading value.
Market Activity and Stock Performance
In the wake of the sale, shares of Gulfport Energy rose by 2.3% on December 3, 2023, trading at $217.50. A total of 307,088 shares exchanged hands, surpassing the company’s average trading volume of 258,424 shares. Gulfport Energy currently holds a market capitalization of $4.20 billion and has seen its stock fluctuate between a fifty-two week low of $153.27 and a high of $225.78.
Financial ratios indicate a current ratio and quick ratio of 0.54, alongside a debt-to-equity ratio of 0.39. The stock’s price-to-earnings (P/E) ratio stands at -114.47, while its beta is recorded at 0.60. The company’s fifty-day simple moving average is approximately $194.30, highlighting recent trends in stock performance.
Analysts Weigh In on Gulfport Energy
Several financial analysts have recently provided insights into Gulfport Energy shares. KeyCorp raised its price target from $205.00 to $230.00, assigning the stock an “overweight” rating in a report dated November 10, 2023. Zacks Research upgraded its assessment from a “strong sell” to a “hold” rating on the same date.
Other analysts have also initiated or updated their coverage of Gulfport Energy. For instance, William Blair began coverage with an “outperform” rating, while Roth Capital initiated coverage with a “neutral” rating and a price target of $200.00. Additionally, Weiss Ratings maintained a “hold (c-)” rating on the stock.
Current consensus ratings from analysts indicate that one has assigned a “Strong Buy,” six have issued a “Buy,” and six have rated the stock as a “Hold.” According to data from MarketBeat.com, Gulfport Energy has an average rating of “Moderate Buy” with a consensus target price of $221.25.
Institutional Movements and Corporate Profile
Recent movements among institutional investors reflect growing interest in Gulfport Energy. For example, Advisory Services Network LLC acquired a new position in the third quarter worth approximately $28,000. Similarly, Financial Consulate Inc. purchased shares valued at around $31,000 during the same period.
Federated Hermes Inc. increased its holdings by 133.7% during the third quarter and now owns 222 shares valued at approximately $40,000. Additionally, EverSource Wealth Advisors LLC raised its holdings by 364.8% in the second quarter, now owning 251 shares worth about $50,000.
Gulfport Energy Corporation specializes in the exploration, development, acquisition, and production of natural gas, crude oil, and natural gas liquids (NGL) across the United States. Its key assets include the Utica Shale in Eastern Ohio and the SCOOP region in Oklahoma.
The company continues to attract attention from investors and analysts alike, as it navigates a dynamic market landscape.
