Stifel Nicolaus reiterated its Buy rating on Gulfport Energy Corporation GPOR and increased its price target from $35 to $38.
Stifel Nicolaus commented, "We are increasing our target price on GPOR from $35 to $38 to reflect an improved 2013 outlook following the company's initial release of its 2013 guidance, which came with its earnings yesterday after the close. Our higher target price reflects 5.6x 2013 EV/EBITDA target multiple after netting out the impact of the oilsands and Permian holdings. GPOR remains one of the best ways to obtain exposure to the Utica play."
Gulfport Energy Corporation closed at $32.98 on Tuesday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in