Gulfport Energy earns analyst target hikes on updated production guidance


Gulfport Energy (GPOR +0.3%) enjoys a round of analyst price target raises, as GPOR's ability to meet Q1 production guidance is seen as a positive given past guidance misses, and first production at Grizzly Oil Sands moves it closer to a potential capital event.

Euro Pacific raises its target price to a Street-high $82 from $72, as the latest production data for wells in the wet gas performs in-line with GPOR's type-curve, and production rates from recent wells in the condensate window appear to be outperforming 1M-1.5M boe type-curve after the company switched from a gel frack to a slick-water frack (Briefing.com).

Northland Capital lifts its target price to $80, and RBC moves its target to $72 from $62.

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