Wunderlich Securities Reiterates Buy Rating, $44 PT on Gulfport Energy Corporation
In a report published Wednesday, Wunderlich Securities reiterated its Buy rating and $44.00 price target on Gulfport Energy Corporation (NASDAQ: GPOR).
Wunderlich Securities noted, “Gulfport Energy (GPOR) announced its seventh (and best) well in the Utica shale as it continues to demonstrate that it is in one of the most prospective and productive areas in the play, which may well be one of the most economic in the space. Additionally, Gulfport has now brought two wells online in the Utica and should see more come on in the coming months, allowing it to hit the aggressive guidance levels it has put out for 2013. We continue to believe Gulfport is both the best way to play the Utica and the stock in the space with the most upside and last night's release only strengthens our conviction.”
Gulfport Energy Corporation closed on Tuesday at $31.73.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.