Gulfport Energy (OTC:GPORQ) Corp's (NASDAQ:GPOR) Vice President and Chief Administrative Officer, Matthew Willrath, has sold a total of 567 shares of common stock at a price of $153.92 per share, resulting in a transaction value exceeding $87,000. The sale, which took place on May 6, 2024, was disclosed in a regulatory filing with the U.S. Securities and Exchange Commission.
The transaction has adjusted Willrath's holdings in the company to 4,103 shares of Gulfport Energy Corp's common stock. The price per share for this sale was $153.92, and the total amount realized from the sale was approximately $87,272.
Investors often monitor insider transactions as they can provide insights into how executives and directors view the company's stock value and future performance. While the reasons behind an insider's decision to buy or sell shares can vary, these transactions are required to be reported to the SEC to ensure transparency and maintain fair markets.
Gulfport Energy Corp, with its central index key 0000874499, operates in the crude petroleum and natural gas industry, under the standard industrial classification code 1311. The company, formerly known as WRT Energy Corp and Western Resource Technologies Inc, is based in Oklahoma City, Oklahoma.
Investors and stakeholders of Gulfport Energy Corp can access the details of such transactions through SEC filings, which provide a record of insider trading activities. The recent sale by the company's VP & CAO is now part of this public record.
InvestingPro Insights
As Gulfport Energy Corp (NASDAQ:GPOR) navigates through the market, recent insider trading activity has caught the attention of investors. The company's financial performance and stock metrics, as provided by InvestingPro, offer additional context to these insider transactions. With a market capitalization of $2.86 billion and an attractive price-to-earnings (P/E) ratio of 3.38, Gulfport Energy stands out in the crude petroleum and natural gas industry.
InvestingPro Data reveals that the company's revenue has seen a significant decline over the last twelve months as of Q1 2024, with a decrease of 57.63%. Despite this, Gulfport Energy has maintained a robust gross profit margin of 57.25% during the same period. Moreover, the stock has experienced a strong return over the last year, with a 72.77% price total return, reflecting investor confidence in the company's long-term prospects.
InvestingPro Tips indicate that analysts have adjusted their earnings expectations downwards for the upcoming period and anticipate a sales decline in the current year. Nonetheless, the stock is known for its low price volatility, which might appeal to investors seeking stability. Additionally, the company is trading near its 52-week high, with the price at 95.38% of the peak.
For those looking to delve deeper into Gulfport Energy Corp's financials and stock performance, InvestingPro offers further insights. There are over 10 additional InvestingPro Tips available, providing a comprehensive analysis of the company's outlook. Interested readers can enhance their investment strategy by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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