CK Cooper & Company Reiterates Buy, $30 PT on Gulfport Energy Post Reaffirmed Guidance
CK Cooper & Company maintains its Buy rating and $30 price target on Gulfport Energy (NASDAQ: GPOR) following a company update.
CK Cooper & Company comments, "GPOR provided an operational update with details on May production and a progress report on development activities in the Utica Shale. The current development plan in the Utica is progressing well with two rigs actively drilling and completing wells in the play. Additionally, the company finalized its agreement with MarkWest (NYSE: MWE) to provide gas gathering and processing facilities for GPOR's Utica production. GPOR also re-affirmed production and operational guidance for 2Q12 and 2012."
GPOR closed at $16.98 on Monday.
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