Roth Capital initiated coverage of Gulfport Energy (GPOR) with a Neutral rating and $200 price target The company is making an interesting transition towards more liquids-rich parts of its Utica asset, but the base of production remains natural gas-weighted, and the firm believes that drilling returns in that core area lag larger natural gas regions in Appalachia and Louisiana, the analyst tells investors in a research note. Gulfport is still in early stages of proving out the quantity and extent of the more liquids rich and higher return portion of its Appalachian portfolio, the firm added.
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Read More on GPOR:
- Gulfport Energy price target lowered to $226 from $240 at JPMorgan
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