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Patrick Craine, Chief Legal and Administrative Officer and Corporate Secretary at Gulfport Energy (OTC:GPORQ) Corp (NASDAQ:GPOR), recently sold shares valued at approximately $367,757. The transaction, which took place on March 4, 2025, involved the sale of 2,150 shares of common stock at a weighted average price of $171.05 per share. According to InvestingPro data, GPOR currently trades near $171.41, with analysts setting a high target of $263, suggesting potential upside. The company, valued at approximately $3 billion, maintains a "FAIR" Financial Health score.
The sale follows a series of transactions by Craine, including the acquisition of 3,652 shares of restricted stock on March 1, 2025, under the company’s 2021 Stock Incentive Plan. These shares will vest in three annual installments starting in March 2026. Additionally, on March 1 and March 3, Craine had shares withheld by Gulfport Energy to cover tax obligations related to vested restricted stock units, totaling $295,282 at a price of $169.80 per share.
Craine’s recent sale reduces his direct ownership to 17,340 shares of Gulfport Energy.
In other recent news, Gulfport Energy’s Q4 2024 earnings report revealed a mixed financial performance, with earnings per share (EPS) of $4.74 surpassing expectations but revenue falling short at $239.87 million against a forecast of $334.06 million. Analysts at BofA Securities have maintained a Buy rating on Gulfport Energy, albeit with a slightly reduced price target of $224, citing the company’s strong free cash flow outlook. Gulfport Energy’s projected free cash flow for the year is $567 million, enabling potential share buybacks of 16% of its outstanding shares. TD Cowen, meanwhile, adjusted its price target to $187 while maintaining a Hold rating, noting the company’s underperformance compared to its natural gas peers. Despite the revenue shortfall, Gulfport Energy has improved operational efficiencies and plans to increase liquids production by 30% in 2025. The company maintains a strong liquidity position with $900 million available as of the end of 2024. These developments underscore Gulfport Energy’s strategic focus on sustaining free cash flow and enhancing shareholder value through stock repurchases.
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