Gulfport Energy (GPOR -4.2%) increases the 9M-share public offering to fund the recent purchase...

|About: Gulfport Energy Corporation (GPOR)|By:, SA News Editor

Gulfport Energy (GPOR -4.2%) increases the 9M-share public offering to fund the recent purchase of Utica shale acreage to 11M, pricing the offering at $38/share, plus a $50M bond add-on. However, Wunderlich likes the acquisition, raising its share price target to $48 from $44 on improved Utica exposure, higher 2013 production levels and expected growth going forward.