Gulfport Energy Advances Share Buyback with Silver Point Deal

Gulfport Energy ( (GPOR) ) has shared an announcement.

Gulfport Energy Corporation has entered a deal to buy back 170,000 shares of its own stock from Silver Point Capital at a slightly discounted price, investing about $24.9 million. This transaction, set to finalize on September 25, 2024, is part of a larger $650 million share repurchase initiative, leaving roughly $149 million available for future buybacks. This is a continuation of their strategy, having already reacquired nearly 4.9 million shares at an average price of $97.40 each.

See more data about GPOR stock on TipRanks’ Stock Analysis page.