Gulfport Energy VP sells $122,694 in stock

Published 29/05/2025, 23:10
Gulfport Energy VP sells $122,694 in stock

Gulfport Energy (OTC:GPORQ) Corp (NASDAQ:GPOR), a $3.43 billion energy company, recently disclosed that Matthew Willrath, the company’s Vice President and Chief Accounting Officer, sold 633 shares of the company’s common stock on May 29, 2025. The shares were sold at an average price of $193.83 per share, amounting to a total transaction value of $122,694. Following this sale, Willrath holds 2,342 shares directly. The transaction occurs as the stock trades near its 52-week high, though InvestingPro analysis suggests the shares remain slightly undervalued.

In a separate transaction on May 27, 2025, 261 shares were disposed of at a price of $194.68 per share. These shares were withheld by Gulfport Energy to satisfy tax withholding obligations related to vested restricted stock units. Despite these dispositions, InvestingPro data shows management has been actively buying back shares, with analysts maintaining a bullish outlook on the stock. Discover 10+ additional exclusive insights and detailed analysis available on InvestingPro.

In other recent news, Gulfport Energy reported its Q1 2025 earnings, exceeding earnings per share (EPS) expectations with an actual EPS of $5.61, surpassing the forecasted $5.20. However, the company faced a revenue shortfall, reporting $255.95 million against a projected $325 million. Despite the revenue miss, the company highlighted operational efficiencies and cost reductions, maintaining a solid financial position. KeyBanc Capital Markets raised its price target for Gulfport Energy to $215, maintaining an Overweight rating, citing a reduction in preferred equity shares as a primary driver for the update. Gulfport Energy also announced a stock repurchase from Silver Point Capital, acquiring 76,986 shares as part of its ongoing $1 billion repurchase program, emphasizing its commitment to returning value to shareholders. The company plans to continue with smaller-scale land acquisitions in 2025, as indicated by KeyBanc analysts. Gulfport Energy’s strategic shift towards dry gas development is expected to enhance future performance, with positive guidance on EPS and production growth. The company’s financial health remains robust, supported by a strong liquidity position and a focus on maintaining low leverage.

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