Director Westerman Paul D acquired 10,000 shares in Gulfport Energy Corporation (NASDAQ:GPOR) for $56,689 in transaction occurred on 2018/11/20. After making this transaction, the Director owns a direct stake of 84,400 shares, worth $458,047, as per the last closing price. On 2018/08/16 Maier Stuart, SVP, Geosciences at GPOR, dumped 2,000 shares at an average price of $11.19 per share. The selling total is valued at $953,893.
Separately, it had been reported that some other GPOR insiders also took part of the insider trading activity. VP of Reservoir Engineering, Baldwin Steve had divested 10,000 shares for $40,918 through a trade on 2018/06/19. Following this activity, the insider holds 110,000 shares worth $330,617 as of recent close. Wall Street’s most bullish Gulfport Energy Corporation (NASDAQ:GPOR) analysts are predicting the share price to blow past $19 per share during the next 12 months. The current median share price forecast by them is $12, suggesting that the stock could increase 48.51% in that time frame. The average price target of $12.06 calls for a nearly 49.26% increase in the stock price.
Gulfport Energy Corporation (NASDAQ:GPOR) reaches $1.33B market cap as shares jumped 1.64% in recent session. It closed at $8.08, after slipping as low as $7.67 through the day. The shares were pushed to an intraday high Thursday at $8.135. Trading activity significantly weakened as the volume at ready counter decreased to 4,066,204 shares versus 5,029,550 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 4,120,571 shares. The stock is now 30.74% above against its bear-market low of $6.18 on December 26, 2018. It has retreated -66.34% since it’s 52-week high of $13.44 reached in January. Now the market price is down -38.08% on the year and up 23.36% YTD.
GPOR’s 50 day simple moving average (SMA 50) price is $8.46 and its 200-day simple moving average (SMA 200) price is $10.23. The company’s stock currently has a total float of 149.99M shares. Its weekly volatility is hovering around 5.03% and felt 7.17% volatility in price over a month. On the upside, the share price will test short term resistance at around $8.26. On a downside, the stock is likely to find some support, which begins at $7.79. The failure to get near-term support could push it to $7.49.
It had seen a new analyst call from KeyBanc Capital Mkts, which initiated the stock at Sector Weight on January 08. Analysts at CapitalOne, shed their positive views on December 20 by lowering it fromOverweight to Equal Weight. The stock lost favor of JP Morgan analysts who expressed their lack of confidence in it using a downgrade from Overweight to Neutral on December 07.
When looking at valuations, Gulfport Energy Corporation (GPOR) has a cheap P/E of 3.18x as compared to industry average of 16.71x. Moreover, it trades for 5.51 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.42x price/book and 1x price/sales. Compared to others, Gulfport Energy Corporation is in a different league with regards to profitability, having net margins of 33.9%. To put some perspective around this, the industry’s average net margin is 6.89%. GPOR’s ROE is 14.3%, which is also considerably better than the industry’s ROE of 6.89%. It’s also not liquid in the near term, with a current ratio of 0.5. The stock has a debt/capital of 0.64.
Shares of Gulfport Energy Corporation (GPOR) have dropped -15.2% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Gulfport Energy Corporation (NASDAQ:GPOR) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 1 quarters (8%), whereas at 0 occasion EPS met analyst expectations. GPOR last reported earnings on November 01, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.49 per share, -98.6% change on the same period last year. That was better than consensus for $0.36. Revenue for the recent quarter stood at $360.96 million, up 25% on last year and above the $356.92 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $331.1 million to $446 million, which should be compared with $412.7 million generated last year. EPS is seen in a range of $0.11 to $0.49, against the $0.38 reported a year ago.