In a report released yesterday, Noah Hungness from Bank of America Securities reiterated a Buy rating on Gulfport Energy (GPOR – Research Report), with a price target of $227.00.
Noah Hungness has given his Buy rating due to a combination of factors including Gulfport Energy’s strategic focus on increasing its liquids production and maintaining strong free cash flow. The company’s 2025 guidance aligns with market expectations, with a production forecast of 1,040 – 1,065 mmcfed, and a significant portion of its TILs being liquids-rich. This shift towards liquids is expected to enhance margins due to higher NGL realizations, which are projected to increase year-over-year.
Furthermore, Gulfport Energy’s financial health remains robust, with a free cash flow capacity projected to remain strong from 2025 to 2029. The company anticipates generating substantial free cash flow, which could support significant share buybacks. This financial strategy, coupled with a peer-leading free cash flow yield, positions Gulfport Energy favorably in the market, justifying the Buy rating.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GPOR in relation to earlier this year.