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UPDATE: Stifel Nicolaus Raises PT to $38 on Gulfport Energy Corporation on 2013 Outlook

Related GPOR
Wunderlich Securities Sees Big Utica Growth And Good Pricing As Value Drivers For Gulfport Energy
MLV & Co Sees Better Operating Expenses As Value Driver For Gulfport Energy

Stifel Nicolaus reiterated its Buy rating on Gulfport Energy Corporation (NASDAQ: GPOR) and increased its price target from $35 to $38.

Stifel Nicolaus commented, "We are increasing our target price on GPOR from $35 to $38 to reflect an improved 2013 outlook following the company's initial release of its 2013 guidance, which came with its earnings yesterday after the close. Our higher target price reflects 5.6x 2013 EV/EBITDA target multiple after netting out the impact of the oilsands and Permian holdings. GPOR remains one of the best ways to obtain exposure to the Utica play."

Gulfport Energy Corporation closed at $32.98 on Tuesday.

Latest Ratings for GPOR

DateFirmActionFromTo
Dec 2014BarclaysMaintainsOverweight
Dec 2014Howard WeillUpgradesSector OutperformFocus Stock
Dec 2014Deutsche BankMaintainsBuy

View More Analyst Ratings for GPOR
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Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

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