Gulfport Energy price target raised to $125 from $115 at Mizuho

Mizuho analyst Nitin Kumar raised the firm’s price target on Gulfport Energy to $125 from $115 and keeps a Buy rating on the shares. The analyst says the company is poised for positive free cash flow in the second half of 2023. With volumes set to increase and capex set to go lower due to lower activity, Gulfport should see higher cash flow later this year, especially if gas prices strengthen, the analyst tells investors in a research note.