Wunderlich Securities Sees Big Utica Growth and Good Pricing as Value Drivers for Gulfport Energy Corporation

In a report published Friday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $75.00 price target on

. In the report, Wunderlich Securities noted, “Gulfport Energy (GPOR) reported a solid 3Q14 as EPS of $0.13 was ahead of our $0.12 estimate and easily beat the Street's $0.05 forecast as solid production growth (60% sequentially) drove higher revenues and lower costs on a per unit basis. Further, with Gulfport focused on moving the high levels of natural gas out of the Appalachian Basin to achieve better pricing the company is seeing solid pricing that generates higher revenues and solid margins. The company also provided updated production numbers that show the strong growth at Gulfport continues and should set up the company nicely for a big 2015, especially given improved infrastructure that should help show just how big the Utica wells really are these days.” Gulfport Energy Corporation closed on Thursday at $51.95.