Sidoti Starts Gulfport Energy (GPOR) at Buy

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Sidoti initiated Gulfport Energy (NASDAQ: GPOR) with a Buy and $37 price target today.

In addition to the new Buy rating, share are up after providing an update on Boy Scout 1-33H results at the Utica Shale.

Gulfport's Boy Scout 1-33H tested at a peak rate of 1,560 barrels of condensate per day, 7.1 million cubic feet ("MMCF") per day of natural gas, and 1,008 barrels of NGL per day assuming full ethane recovery and a natural gas shrink of 25%, or 3,456 BOEPD.

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

Shares of Gulfport Energy closed at $25.72 yesterday, with a 52 week range of $15.79-$37.80.

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