Economy

Gulfport Energy Corporation (GPOR) Director Craig Groeschel Sells 7059 Shares

Gulfport Energy Corporation (GPOR) Director Craig Groeschel Sells 7059 Shares

In other Gulfport Energy news, VP Steve Baldwin sold 4,000 shares of the company's stock in a transaction on Friday, December 15th. The average 12 month target price among analysts that have issued a report on the stock in the a year ago is $33.13. The hedge fund run by Andy Redleaf held 501,702 shares of the prepackaged software company at the end of 2017Q3, valued at $57.52 million, up from 404,721 at the end of the previous reported quarter. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Gulfport Energy Corporation (NASDAQ GPOR) traded up $0.50 during trading hours on Wednesday, hitting $13.26. The company had a trading volume of 4,654,500 shares, compared to its average volume of 3,533,150. However, if the RCII shares go below $10.04 then it would indicate a much weaker market for the company. As of today, the company has a SMA200 (200-day simple moving average) of -5.38 Percent. Scotiabank set a $35.00 target price on shares of Gulfport Energy and gave the stock a "buy" rating in a report on Tuesday, February 14th.

Analysts await Gulfport Energy Corporation (NASDAQ:GPOR) to report earnings on February, 12. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.35 by ($0.03).

The High Revenue estimate is predicted as 363000, while the Low Revenue Estimate prediction stands at 311830. Gulfport Energy Corporation (GPOR) is a part of Basic Materials sector and belongs to Independent Oil & Gas industry.

Quarterly Revenue Growth on year-over-year basis stands at 37.1 percent. During the same period past year, the firm posted $0.16 earnings per share. Institutional investors own 86.71% of the company's stock. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Gulfport Energy by 3.7% in the second quarter. Cubist Systematic Strategies LLC now owns 69,789 shares of the oil and gas producer's stock worth $1,001,000 after purchasing an additional 55,389 shares in the last quarter. It also reduced its holding in Vistra Energy Corp by 95,951 shares in the quarter, leaving it with 1.06 million shares, and cut its stake in Live Nation Entertainment Inc (NYSE:LYV).

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Over the past three months, Gastar Exploration Inc. insiders have been net buyers, dumping a net of 0 shares. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Gulfport Energy by 11.8% in the second quarter. Johnson Rice reaffirmed a "buy" rating on shares of Gulfport Energy in a report on Thursday, January 19th. California Public Employees Retirement System lifted its position in shares of Gulfport Energy by 1.9% in the third quarter. The stock has landed on the top loser list for the day according to Finviz data. Comerica Bank lifted its holdings in shares of Gulfport Energy by 0.3% in the second quarter. Given that its average daily volume over the 30 days has been 3.26 million shares a day, this signifies a pretty significant change over the norm.

Several brokerages have commented on GPOR.

Gulfport Energy Corp. (GPOR) analysts on average have given a price target of $46.22 on GPOR stock. Mizuho reissued a "buy" rating and issued a $23.00 price objective on shares of Gulfport Energy in a research note on Wednesday, October 4th. In that case, its shares would mark a 5.28% decline from the most recent price. Finally, Credit Suisse Group started coverage on shares of Gulfport Energy in a research report on Monday, December 11th. They set an "outperform" rating and a $19.00 price objective for the company.

Analysts are speculating a 22.3% move, based on the high target price ($39) for the shares that is set to reach in the next 12 months. Jefferies maintained it with "Buy" rating and $36.0 target in Thursday, December 3 report. Zitkus Lester also sold $76,218 worth of Gulfport Energy Corporation (NASDAQ:GPOR) on Friday, December 15. If you are accessing this piece on another publication, it was copied illegally and republished in violation of US and worldwide copyright & trademark law. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States.


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