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Gulfport Energy (OTC:GPORQ) Corporation, currently valued at $3.5 billion, has agreed to a stock repurchase from Silver Point Capital, L.P. accounts, according to a recent SEC filing. The transaction involves the acquisition of 76,986 shares at $194.84 each, totaling around $15 million, set to close on May 20, 2025. This buyback is part of Gulfport’s ongoing $1 billion repurchase program, which, after this deal, will have about $324.4 million left. According to InvestingPro data, management has been consistently executing share repurchases, contributing to the stock’s strong 25% return over the past year.
The repurchase price reflects a 1.7% discount to the last reported sales price on the New York Stock Exchange on May 13, 2025. Before this agreement, Gulfport had bought back approximately 6 million shares at an average price of $110.09 per share since the program’s start, spending nearly $660.6 million. The stock is currently trading near its 52-week high of $201.18, and InvestingPro analysis suggests the shares may still be undervalued, with 12 additional exclusive insights available to subscribers.
The buyback announcement underscores Gulfport’s commitment to returning value to shareholders and managing its capital efficiently. The company’s repurchase program has been a significant part of its strategy to enhance shareholder value. The share repurchase will reduce the number of outstanding shares, potentially increasing the earnings per share and the market value of the remaining shares.
Gulfport Energy, headquartered in Oklahoma City, is a Delaware corporation listed on the New York Stock Exchange under the ticker GPOR. The information for this article is based on a press release statement filed with the SEC.
In other recent news, Gulfport Energy reported its Q1 2025 earnings, surpassing expectations with an EPS of $5.61 against the forecasted $5.20. However, the company fell short on revenue, reporting $255.95 million compared to the anticipated $325 million. Despite the revenue miss, Gulfport Energy highlighted its operational efficiencies and strategic focus on dry gas development, anticipating these factors will enhance future performance. Analyst firms have noted the company’s strong profit margins, though they acknowledge challenges in achieving revenue growth. Gulfport Energy also provided a positive outlook for future quarters, with EPS forecasts ranging from $6.22 to $7.38. The company is shifting capital allocation towards dry gas development, with full-year production guidance set at 1.04 to 1.065 Bcfe/day. Analysts from firms like KeyBanc Capital Markets and JPMorgan have shown interest in Gulfport Energy’s strategic pivot to dry gas and operational efficiencies. Gulfport Energy remains committed to maintaining low leverage and strong liquidity, supporting its growth objectives.
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