- Gulfport Energy's (GPOR +0.8%) price target is raised to a Street-high $60 from $50 at Wunderlich, which says GPOR's Q4 earnings were "impressive" but even more so was the company's guidance that calls for another 80%-100% growth in production on significantly lower spending as the Utica and Gulfport assets "begins to flex its muscle."
- The firm says additional positives included 300% reserve growth and monetization plans for non-core assets that also could prove incremental, which should allow GPOR to remain a top-tier growth player.
- In reiterating its Buy rating, Sterne Agee says GPOR continues to post best-in-basin pricing on natural gas and natural gas liquids, which is attributed to its takeaway optionality from the Cadiz processing complex in Ohio.
- RBC raises its price target to $57 from $55, citing GPOR's production guidance even amid fa 42% reduction in capex; Canaccord ups its target to $54 from $46 and says GPOR may be the best positioned name in its coverage universe when considering the company's production growth with little balance sheet stress (Briefing.com).