Gulfport Energy price target raised to $260 from $250 at Jefferies

Jefferies raised the firm’s price target on Gulfport Energy (GPOR) to $260 from $250 and keeps a Buy rating on the shares. The firm attributes the recent rally in the shares to a stronger winter weather outlook and Gulfport’s inventory expansion in the Ohio Marcellus, which was announced on the Q3 earnings call. Jefferies believes a “meaningful extension” of gas-levered inventory duration should push Gulfport shares towards a peer average valuation.