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Patrick Craine, the Chief Legal and Administrative Officer and Corporate Secretary of Gulfport Energy (OTC:GPORQ) Corp (NASDAQ:GPOR), recently sold a significant portion of the company’s stock. According to a recent filing, Craine sold 5,000 shares of Gulfport Energy common stock over the course of two days, May 12 and May 13, 2025. The timing is notable as the stock trades near its 52-week high of $201.18, having delivered a strong 31% return over the past year. InvestingPro analysis indicates the stock is currently undervalued. The sales were executed at prices ranging from $193.55 to $197.37 per share, amounting to a total transaction value of approximately $975,614.
Following these transactions, Craine retains ownership of 12,340 shares of the company’s common stock. The transactions were conducted directly, with no involvement of equity swaps. This recent activity provides insight into the executive’s current holdings and financial maneuvers within the company.
In other recent news, Gulfport Energy reported its Q1 2025 earnings, revealing a mixed financial performance. The company exceeded earnings per share (EPS) expectations with an actual EPS of $5.61, surpassing the forecasted $5.20. However, Gulfport Energy fell short on revenue, reporting $255.95 million against a projected $325 million. Despite this revenue miss, the company emphasized improvements in operational efficiency and strategic shifts towards dry gas development. Analysts noted the company’s strong liquidity position and positive future guidance for EPS and production growth. Gulfport Energy has also announced plans to shift capital allocation towards dry gas development, anticipating significant production growth. The company reaffirmed its full-year production guidance, expecting an average daily production of 1.04 to 1.065 billion cubic feet equivalent per day. Additionally, the company’s borrowing base was reaffirmed at $1.1 billion, providing substantial financial flexibility.
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