Gulfport Energy initiated with a Buy at Jefferies

Jefferies initiated coverage of Gulfport Energy (GPOR) with a Buy rating and $250 price target The firm believes the company’s inventory position is misunderstood and cost execution is underappreciated. While Gulfport’s dry gas inventory may be short of peers, its liquids leasing program is “closing any remaining duration gap,” the analyst tells investors in a research note. Jefferies sees the stock’s valuation discount to peers lessening.