KLR Group Upgrades Gulfport Energy (GPOR) to Buy

August 5, 2016 7:15 AM EDT
Get Alerts GPOR Hot Sheet
Price: $24.53 -2.31%

Rating Summary:
    28 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 27 | New: 7
Trade GPOR Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

KLR Group upgraded Gulfport Energy (NASDAQ: GPOR) from Accumulate to Buy with a price target of $37.00 (from $39.00).

Analyst John Gerdes commented, "We are upgrading GPOR from Accumulate to Buy though our target price is decreasing $2 to $37 per share given slightly higher capital intensity. GPOR has depreciated almost 20% since our June downgrade, underperforming the sector by a comparable percentage, and now reflects sufficient equity value upside to merit an upgrade to Buy.

Our ’16 production expectation of ~695 Mmcfepd is at the low end of company guidance (695-730 Mmcfepd). Our ’17 production growth expectation of ~22% approximates the midpoint of preliminary guidance (20%-25%)."

For an analyst ratings summary and ratings history on Gulfport Energy click here. For more ratings news on Gulfport Energy click here.

Shares of Gulfport Energy closed at $26.81 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change, Upgrades

Add Your Comment