Sterne Agee Maintains Buy Rating on Gulfport Energy
According to Sterne Agee, Gulfport Energy (NASDAQ: GPOR) Buy rating is maintained.
Sterne Agee said that it met with CEO Jim Palm yesterday and came away more bullish on the company's near-term growth opportunity. “Gulfport has positioned the balance sheet for growth through 2013 and has signaled that it will limit its 2012 capital program to match discretionary cash flow, which it estimated at ~$220 million.”
Gulfport Energy closed yesterday at $33.30.
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