Mizuho Upgrades Gulfport Energy (GPOR) to Outperform

Mizuho analyst Nitin Kumar upgraded Gulfport Energy (NYSE: GPOR) from Neutral to Outperform with a price target of $252.00 (from $251.00).

The analyst comments "Upgrade GPOR to Outperform (PT $252 vs $251): Given the recent pullback, the stock offers ~45% upside to our relatively unchanged NAV-based price target, making this a compelling entry point in our view. The company has increased its inventory depth by ~25-30%, exceeded drilling efficiencies, and we expect incoming CEO Mr. Dell'Osso to help raise the profile of the stock specifically on positioning relative to secular trends in natural gas markets. Thus, we are upgrading GPOR to Outperform."

For an analyst ratings summary and ratings history on Gulfport Energy click here. For more ratings news on Gulfport Energy click here.

Shares of Gulfport Energy closed at $172.24 yesterday.

You May Also Be Interested In

• Craig-Hallum Upgrades Backblaze Inc (BLZE) to Buy
• Take-Two Interactive (TTWO) PT Raised to $368 at BofA Securities
• Texas Capital Securities Reiterates Buy Rating on Texas Pacific Land Trust (TPL)