Market Overview

UPDATE: Sterne Agee Maintains Buy Rating, Lowers PT for Gulfport Energy

Related GPOR
How Weak Sentiment On Gulfport Energy Led One Firm To Upgrade It To Buy
Benzinga's Top Upgrades
Gulfport Energy upgraded to Buy from Hold at Goldman (Seeking Alpha)

In a company report published earlier today, Sterne Agee Group, Inc. maintained its Buy rating Gulfport Energy Corporation (NASDAQ: GPOR) but lowered its price target to $38.00.

Sterne Agee went on to say “The recent sell-off in Gulfport shares reflects fading optimism on the near-term impact of the Utica Shale to the growth thesis. However, we continue to believe the play can be transformative, and while the delay in production has clearly frustrated investors, it does not diminish the quality of the acreage. We reduce our Price Target to $38 to reflect a more muted growth trajectory through 2013.”

Gulfport Energy Corporation closed yesterday at $22.05.

Latest Ratings for GPOR

Oct 2016Tudor PickeringDowngradesBuyHold
Oct 2016Goldman SachsUpgradesNeutralBuy
Oct 2016Mizuho SecuritiesInitiates Coverage onBuy

View More Analyst Ratings for GPOR
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Price Target Reiteration Analyst Ratings


Related Articles (GPOR)

View Comments and Join the Discussion!