Jefferies Starts Gulfport Energy (GPOR) at Buy

Jefferies initiates coverage on Gulfport Energy (NASDAQ: GPOR) with a Buy rating and a price target of $50.00.

Analyst Jonathan Wolff comments, "We see GPOR as the least expensive way to gain exposure to the ‘core’ of the Utica shale- with the ‘core’ having ‘shifted’ east to the more ‘dry’ areas in which GPOR has a large position. GPOR has seen building operational momentum after many ‘fits-and-starts’- has met/exceeded volumetric forecasts for three-straight quarters. Strong financial position, proven access to capital markets and wide M&A appeal."

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 $40.93 yesterday.

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