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

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Wunderlich Securities transfers its coverage on Gulfport Energy Corporation (NASDAQ: GPOR) 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.

Latest Ratings for GPOR

DateFirmActionFromTo
Sep 2014Morgan StanleyInitiates Coverage onEqual-weight
Aug 2014Stifel NicolausUpgradesHoldBuy
Aug 2014BarclaysMaintainsOverweight

View More Analyst Ratings for GPOR
View the Latest Analyst Ratings

Posted-In: Wunderlich SecuritiesAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

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