BofA reinstated coverage of Gulfport Energy (GPOR) with a Neutral rating and $164 price target The SMID cap gas leveraged E&P produces 1,050 mmcfed, making it “one of the smaller natural gas E&Ps in our coverage,” the analyst tells investors. The firm estimates the company has about 12 years of inventory, inline with peers, and while it says Gulfport has “quality assets and management,” BofA sees limited potential upside to the stock after share outperformance in 2023.
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Read More on GPOR:
- Gulfport Energy price target raised to $174 from $173 at Mizuho
- Gulfport Energy price target raised to $175 from $162 at JPMorgan
- Gulfport Energy downgraded to In Line from Outperform at Evercore ISI
- Gulfport Energy price target lowered to $190 from $198 at Truist
- Gulfport Energy Advances Share Buyback with Silver Point Deal
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