Market Overview

Sterne Agee Recommends Buying Gulfport Energy on Weakness

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 Wednesday, Sterne Agee reiterated its Buy rating and $52.00 price target on Gulfport Energy Corporation (NASDAQ: GPOR).

Sterne Agee noted, “Gulfport's operations update this morning contained in-line 4Q production data, but mixed news on the Utica. Shares may underperform on the headline data in the release, but we believe investors should focus on the reserve bookings figures and continued strong oil cuts from SW Harrison County as proof of the resource potential. Gulfport remains a compelling sum-of-the-parts story while it derisks its Utica position and we would be buyers on weakness.”

Gulfport Energy Corporation closed on Tuesday at $42.27.

Latest Ratings for GPOR

DateFirmActionFromTo
Oct 2014WunderlichMaintainsBuy
Oct 2014RBC CapitalUpgradesSector PerformOutperform
Oct 2014KLR GroupUpgradesHoldAccumulate

View More Analyst Ratings for GPOR
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Reiteration Analyst Ratings

 

Related Articles (GPOR)

Around the Web, We're Loving...

Get Benzinga's Newsletters