On September 19, 2024, Silver Point Capital L.P., a Director and 10% Owner, sold 960,000 shares of Gulfport Energy Corp (GPOR, Financial) as reported in a recent SEC Filing. Following this transaction, the insider now owns 4,237,848 shares of the company.
Gulfport Energy Corp is engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company primarily operates in the Utica Shale of Eastern Ohio and along the Louisiana Gulf Coast.
Over the past year, Silver Point Capital L.P. has sold a total of 2,156,455 shares and has not made any purchases. This recent sale is part of a broader trend observed in the company, where there have been 14 insider sells and no insider buys over the past year.
On the day of the transaction, shares of Gulfport Energy Corp were trading at $146.25, giving the company a market cap of approximately $2.734 billion. The price-earnings ratio of the company stands at 3.84, which is below the industry median of 10.84.
According to the GF Value, the intrinsic value estimate for Gulfport Energy Corp is $104.37 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.4. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from analysts.
This insider sale might interest investors tracking ownership changes and evaluating the company's current valuation metrics, including the price-sales ratio, price-book ratio, and price-to-free cash flow.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
