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UPDATE: Stifel Nicolaus Upgrades Gulfport Energy Corporation to Buy on Oil Exposure

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Stifel Nicolaus upgrades Gulfport Energy Corporation (NYSE: GPOR) from Hold to Buy and establishes a price target of $25.

Stifel Nicolaus notes, "GPOR is mostly an oil-weighted company (92%) so it is mostly dependent on the oil price relative to other companies. With one of the higher exposures to the Utica, a clean balance sheet, three Utica wells drilled waiting on completion/production tests, and two rigs drilling additional wells in the Utica, we believe that the upcoming Utica datapoints could move this name higher. Additionally, the clean balance sheet (0.1x LTD/EBITDA) and the fact that the company has already raised capital twice ($168mm combined) in 2011 suggests that there should be no funding taking place, especially at current levels."

GPOR closed at $18.82 on Friday.

Latest Ratings for GPOR

DateFirmActionFromTo
Feb 2015Johnson RiceUpgradesHoldBuy
Feb 2015Deutsche BankMaintainsBuy
Jan 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for GPOR
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

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