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.
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Read More on GPOR:
- Gulfport Energy initiated with a Neutral at Roth Capital
- Gulfport Energy price target lowered to $226 from $240 at JPMorgan
- Gulfport Energy price target lowered to $199 from $227 at Mizuho
- Gulfport Energy Redeems Remaining Preferred Stock
- Gulfport Energy price target lowered to $205 from $215 at KeyBanc