Gulfport Energy CEO's Vision Gains Traction: Analyst Highlights Underappreciated Value And Prospects
Portfolio Pulse from Nabaparna Bhattacharya
KeyBanc Capital Markets analyst Tim Rezvan has upgraded Gulfport Energy Corporation (NYSE:GPOR) from Sector Weight to Overweight, with a price target of $145. The company is planning $40 million of land acquisitions in Ohio, which could add 25-30 locations. Gulfport's hedge book, which is 49% hedged for natural gas in 2024, offers strong cash flow visibility. However, Rezvan has lowered FY23 and FY24 EPS estimates for the company.
August 10, 2023 | 6:10 pm
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POSITIVE IMPACT
Gulfport Energy Corporation has been upgraded by KeyBanc analyst Tim Rezvan, who sees value in the company's planned land acquisitions and strong hedge book. However, he has lowered the company's FY23 and FY24 EPS estimates.
The upgrade by KeyBanc analyst Tim Rezvan is a positive signal for Gulfport Energy Corporation. The planned land acquisitions and strong hedge book are seen as positive factors that could drive the company's growth. However, the lowering of FY23 and FY24 EPS estimates could indicate potential challenges in the company's future earnings, which might temper the positive impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100