UPDATE: Wunderlich Securities Transfers Gulfport Energy Corporation with Buy and $28 PT on Upcoming Utica Results

Wunderlich Securities transfers its coverage on Gulfport Energy Corporation

with a Buy rating and a price target of $28. Wunderlich Securities comments, "The company has built a sizeable Utica position to complement its oily South Louisiana cash cow assets. Gulfport also has significant exposure to the Permian Basin, Canadian Oil Sands, and Niobrara that could provide significant upside. We believe the sizeable asset base provides Gulfport with an ample, predominantly oily future drilling inventory that should allow the company to boost its production and cash flows going forward." GPOR closed at $19.28 on Wednesday.