KeyBanc analyst Tim Rezvan upgraded Gulfport Energy to Overweight from Sector Weight with a $145 price target. The firm came away from the Q2 earnings report “incrementally bullish.” The shares trade “two or more turns below gassy peers,” despite outperforming year-to-date, and has “drill-bit catalysts crystallizing” by Q4 earnings, the analyst tells investors in a research note. The firm says Gulfport s hedge book offers both strong cash flow visibility and upside to the “strong” 2024 backdrop expected for natural gas.
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Read More on GPOR:
- 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
- Gulfport Energy price target raised to $125 from $115 at Mizuho
