UPDATE: Sterne Agee Maintains Buy Rating, Lowers PT for Gulfport Energy
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
|Apr 2015||KLR Group||Downgrades||Buy|
|Apr 2015||Stifel Nicolaus||Maintains||Buy|
|Apr 2015||Goldman Sachs||Resumes||Neutral|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.