Williams Capital Thinks Gulfport Energy Corp’s Stock is Going to Recover


Williams Capital analyst Gabriele Sorbara reiterated a Buy rating on Gulfport Energy Corp (GPOR) today and set a price target of $8. The company’s shares closed yesterday at $3.49, close to its 52-week low of $3.13.

Sorbara said:

“We reaffirm our Buy rang on the low expectaons, discounted valuao n and significant level of FCF generaon in 2H19 (we model $222.8 mill ion); however, we recognize natural gas companies remain challenged by the depressed and backwardated strip prices.”

According to TipRanks.com, Sorbara has 0 stars on 0-5 star ranking scale with an average return of -15.3% and a 26.9% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Extraction Oil & Gas, and Oasis Petroleum Inc.

Currently, the analyst consensus on Gulfport Energy Corp is a Hold with an average price target of $6.21.

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Based on Gulfport Energy Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $62.24 million. In comparison, last year the company had a net profit of $111 million.

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Gulfport Energy Corp. is an independent oil natural gas exploration and production company. The company focuses on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids, and crude oil in the United States. Its principal producing properties located along the Louisiana Gulf Coast.

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