Wunderlich Securities Initiates Coverage on Gulfport Energy (GPOR) with a Buy
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Wunderlich Securities initiates coverage on Gulfport Energy (Nasdaq: GPOR) with a Buy.
Wunderlich analyst says, "Besides possible upside from increasing oil prices and incremental domestic and international activity, we believe there is significant potential in the oil sands assets. The company is financially shoring up its operations this year, which we believe should position it considerably for next year and beyond. In our opinion, the company s 2.0x price-to-2010-cash flow is much too low for any domestic oily levered name."
To see more analyst ratings on GPOR Click Here.
Gulfport Energy Corporation engages in the exploration, development, and production of oil and gas in the Louisiana Gulf Coast in the West Cote Blanche Bay and Hackberry fields.
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