Market Overview

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

Related GPOR
Diamondback Energy Sets Share Offering Price Tag - Analyst Blog
Oil & Gas Stock Roundup: Encana Buys Eagle Ford Assets for $3.1B - Analyst Blog

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.

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

 

Most Popular

Related Articles (GPOR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free