C.K. Cooper Maintains Gulfport Energy Buy, $38 PT
C.K. Cooper maintained its Gulfport Energy (NASDAQ: GPOR) Buy rating and $38 price target in a research report published today.
In the report, C.K. Cooper states, " We believe the increase in acreage value is justified given that recent M&A deals for leases have sold for between $6,000-$15,000/ACRE for similar acreage. Additionally, accelerated development of the Utica acreage would enhance the value of the asset by moving the value of the resource forward in time."
Shares of Gulfport Energy were trading at $27.80 at the time of posting, down 7.61% from Tuesday's market close.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.