Gulfport Energy Ranked as the Best-Positioned Driller in Utica Shale by Researchers
Equities researchers at Deutsche Bank started coverage on shares of Gulfport Energy Corp. (NASDAQ:GPOR) in a research report issued on Monday, TheFlyOnTheWall.comreports. The firm set a “buy” rating on the stock.
The analysts wrote, “Not far from Canton, Ohio lies the Utica Shale, an asset with Hall of Fame characteristics (significant resource and growth opportunities) with returns that can compete against the current basins driving US oil and gas growth (Eagle Ford, Permian, Bakken, Marcellus). Sitting at the core of the Utica, we view Gulfport Energy as the most levered to future success of the basin with 2014 an inflection point for peer leading debt-adjusted production and cash flow growth. While the pace of infrastructure build out remains key, GPOR looks to have capacity well in hand for the growth opportunity the basin presents. We initiate coverage with a Buy rating and $75 price target.”