On August 14, 2024, David Wolf, Director at Gulfport Energy Corp (NYSE:GPOR), executed a sale of 2,327 shares of the company. The transaction was documented in a recent SEC Filing. Following this transaction, the insider now owns 7,144 shares of Gulfport Energy Corp.
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, David Wolf has sold a total of 2,327 shares and has not made any purchases of the company’s stock. This recent sale continues a trend observed over the last year, where there have been no insider buys and 13 insider sells within the company.
Shares of Gulfport Energy Corp were priced at $140.21 on the day of the transaction. The company’s market cap is approximately $2.57 billion. The price-earnings ratio stands at 3.60, which is below the industry median of 10.82.
The stock’s valuation metrics show a GF Value of $103.45, indicating that with a current price of $140.21, Gulfport Energy Corp is significantly overvalued with a price-to-GF-Value ratio of 1.36.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.
This insider sale might be of interest to investors tracking insider behaviors and the valuation discrepancies highlighted by the GF Value, especially considering the stock’s current market performance and valuation metrics.
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.
This article first appeared on GuruFocus.
