Gulfport Energy price target raised to $184 from $170 at Truist

Truist raised the firm’s price target on Gulfport Energy to $184 from $170 and keeps a Buy rating on the shares. The company turned in a free cash flow beat and updated its guidance for recent operational efficiencies, which are being underappreciated by the market, the analyst tells investors in a research note. Gulfport should continue to divert the majority of free cash flow to share repurchases, with incremental discretionary acreage acquisitions being made opportunistically, the firm added.