BofA lowered the firm’s price target on Gulfport Energy (GPOR) to $224 from $227 and keeps a Buy rating on the shares. Gulfport reported its Q4 results after market on February 25 and the next day the stock underperformed peers by 3.3%, which the firm views as due to inventory concerns as the turn inline count stepped up from 19 to 28 wells. However, the firm’s thesis remains unchanged as the company has “a peer leading free cash flow yield” that the firm thinks can rerate the stock higher, the analyst tells investors.
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