JPMorgan analyst Zach Parham upgraded Gulfport Energy to Overweight from Neutral with a price target of $131, up from $117. The analyst still has longer term concerns on shale inventory depth, but sees a better 6-12 month risk/reward in a number of U.S. shale levered stocks given better free cash flow yields amid the higher commodity price environment and improving capital efficiency.
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Read More on GPOR:
- Gulfport Energy upgraded to Overweight from Sector Weight at KeyBanc
- Gulfport raises 2023 production guidance to 1,035 MMcfe – 1,055 MMcfe per day
- Gulfport Energy reports Q2 adjusted EBITDA $144.5M
- GPOR Upcoming Earnings Report: What to Expect?
- Gulfport Energy price target lowered to $134 from $136 at Truist
