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

View More Analyst Ratings for GPOR
View the Latest Analyst Ratings

 

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Posted-In: Williams CapitalAnalyst Color Initiation Analyst Ratings

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