Market Overview

UPDATE: Sterne Agee Group Reiterates Buy Rating, Raises PT on Gulfport Energy Corporation

Related GPOR
UPDATE: Morgan Stanley Initiates Coverage On Gulfport Energy Corporation On Long-Term Opportunity
Top 4 Mid-Cap Stocks In The Independent Oil & Gas Industry With The Highest Profit Margin

In a report published Monday, Sterne Agee Group reiterated its Buy rating on Gulfport Energy Corporation (NASDAQ: GPOR), and raised its price target from $38 to $44.00.

Sterne Agee noted, “We are increasing earnings estimates after Gulfport's bullish third quarter earnings report and call late last week. The consistently strong results from the company's first six Utica Shale wells, coupled with increasing visibility on Markwest's gathering line installation and NGL processing capacity, give us comfort in our EBITDA assumptions.”

Gulfport Energy Corporation closed on Friday at $32.03.

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: Sterne Agee GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (GPOR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters