BofA lowered the firm’s price target on Gulfport Energy (GPOR) to $215 from $245 and keeps a Buy rating on the shares. Bullish sentiment on natural gas has persisted for 18 months, but the firm sees rising risk of oversupply in 2027, which combined with lower price forecasts drives an average 12% reduction in its price objectives among the gas-levered E&P group.
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Read More on GPOR:
- Gulfport Energy downgraded to Peer Perform from Outperform at Wolfe Research
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