Market Overview

Sterne Agee Recommends Buying Gulfport Energy on Weakness

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
"No more free passes" for E&P stocks, as Wunderlich sees rough H2 for some (Seeking Alpha)

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
Jul 2015KLR GroupUpgradesAccumulateBuy
Jul 2015KeyBancMaintainsOverweight
Jul 2015BarclaysMaintainsOverweight

View More Analyst Ratings for GPOR
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Reiteration Analyst Ratings

 

Related Articles (GPOR)

Get Benzinga's Newsletters