Market Overview

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

Share:
Related GPOR
Susquehanna Upgrades Whiting Petroleum, Sees E&P Valuations As 'More Reasonable'
Morgan Stanley Says Gulfport Energy Offers Among The 'Greatest Leverage' In Dry Gas Utica

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
Aug 2015SusquehannaMaintainsPositive
Aug 2015Credit SuisseMaintainsOutperform
Aug 2015BarclaysMaintainsOverweight

View More Analyst Ratings for GPOR
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (GPOR)

View Comments and Join the Discussion!

Get Benzinga's Newsletters