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UPDATE: Deutsche Bank Initiates Coverage on Gulfport Energy on Positive Outlook

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In a report published Monday, Deutsche Bank analyst Josh Silverstein initiated coverage on Gulfport Energy (NASDAQ: GPOR) with a Buy rating and $75.00 price target.

In the report, Deutsche Bank noted, “Not far from Canton, Ohio lies the Utica Shale, an asset with Hall of Fame characteristics (significant resource and growth opportunities) with returns that can compete against the current basins driving US oil and gas growth (Eagle Ford, Permian, Bakken, Marcellus). Sitting at the core of the Utica, we view Gulfport Energy as the most levered to future success of the basin with 2014 an inflection point for peer leading debt-adjusted production and cash flow growth. While the pace of infrastructure build out remains key, GPOR looks to have capacity well in hand for the growth opportunity the basin presents. We initiate coverage with a Buy rating and $75 price target.”

Gulfport Energy closed on Friday at $56.99

Latest Ratings for GPOR

DateFirmActionFromTo
Aug 2020Morgan StanleyMaintainsUnderweight
Aug 2020Piper SandlerMaintainsUnderweight
May 2020Imperial CapitalMaintainsOutperform

View More Analyst Ratings for GPOR
View the Latest Analyst Ratings

 

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