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Williams Capital Views Gulfport Stock's Underperformance As An Opportunity To Buy

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Williams Capital initiates coverage on Gulfport Energy Corporation (NASDAQ: GPOR) with Buy rating and $36 price target. The analysts view the share price underperformance as an opportunity to buy a high quality Utica shale player with a visible peer-leading production and reserve growth profile.

"With 26.0% upside to our PT, we are adding GPOR to our top picks bucket," wrote the analysts.

The shares are trading at 8.4x and 5.5x EV/EBITDA for 2017 and 2018 compared to its peers' average multiples of 9.3x and 6.9x, respectively.

The $36 price target implies 2017 and 2018 EV/EBITDA metrics of 10.2x and 6.6x, respectively.

Latest Ratings for GPOR

DateFirmActionFromTo
Apr 2019DowngradesOutperformPerform
Jan 2019DowngradesBuyNeutral
Jan 2019UpgradesHoldBuy

View More Analyst Ratings for GPOR
View the Latest Analyst Ratings

Posted-In: Williams CapitalAnalyst Color Initiation Analyst Ratings

 

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Latest Ratings

StockFirmActionPT
CINFReiterates120.0
HARPAssumes
CLLSAssumes
XLRNAssumes
FLWSUpgrades22.0
View the Latest Analytics Ratings
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