Gulfport Energy’s Strategic Shift and Financial Maneuvering Underpin Buy Rating

Gulfport Energy (GPOR – Research Report), the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst Noah Hungness from Bank of America Securities reiterated a Buy rating on the stock and has a $217.00 price target.

Noah Hungness has given his Buy rating due to a combination of factors including Gulfport Energy’s strategic shift towards dry gas production in the Utica region, which is expected to enhance their natural gas output by 2026. This adjustment aligns with the positive outlook on natural gas, despite a challenging oil market environment. Additionally, the company’s first-quarter results showed promising well performance and aligned EBITDA with expectations, indicating operational stability.
Furthermore, Gulfport Energy’s proactive share repurchase strategy, with significant buybacks in the first quarter, suggests a strong free cash flow position that is anticipated to improve throughout 2025. This financial maneuvering is expected to support a stock revaluation, prompting an increase in the price objective to $217. These factors collectively underpin the Buy rating, reflecting confidence in the company’s future growth and shareholder value enhancement.

In another report released yesterday, TD Cowen also reiterated a Buy rating on the stock with a $197.00 price target.

Based on the recent corporate insider activity of 58 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.