Wolfe Research upgraded Gulfport Energy (GPOR) to Outperform from Peer Perform with a $207 price target Gulfport has the cost structure, incremental liquids mix, and balance sheet to benefit from a higher mid-cycle gas price that the firm sees with upside volume beyond the clearing price necessary to meet demand, the analyst tells investors in a research note. By Wolfe’s analysis, Gulfport can sustain 2024 activity for at least 10 years, with upside from incremental locations from Marcellus delineation and liquids rich Utica bolt-on programs, the analyst adds.
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