UPDATE: Morgan Stanley Initiates Coverage on Gulfport Energy Corporation with Equal-Weight Rating, $64 PT on Long-Term Opportunity

In a report published Monday, Morgan Stanley analyst Drew Venker initiated coverage on

with an Equal-Weight rating and $64.00 price target. In the report, Morgan Stanley noted, “Gulfport controls some of the most attractive assets in the sector. However,execution challenges have weighed on the stock and growing pains are likely to persist through YE-15. Despite these near-term headwinds, we see long-term opportunity.” Gulfport Energy Corporation closed on Friday at $57.13.