Gulfport Energy price target raised to $215 from $205 at KeyBanc

KeyBanc raised the firm’s price target on Gulfport Energy (GPOR) to $215 from $205 and keeps an Overweight rating on the shares. Following Q1 earnings, the firm updated modeling for lower dilution from preferred shares, which lowers Gulfport’s EV by almost $200M. KeyBanc acknowledges transformative M&A remains an option with Gulfport’s stronger equity currency, but it thinks management body language suggests 2025 will be another year of small-ball discretionary land acquisitions.