Truist analyst Neal Dingmann raised the firm’s price target on Gulfport Energy (GPOR) to $203 from $190 and keeps a Buy rating on the shares. The company turned in a Q3 earnings beat but more importantly reduced its full year spending estimates, also having characterizing the cost savings as structural and repeatable next year, the analyst tells investors in a research note. This improved efficiency is compounded by Gulfport’s already in-process shift to higher liquids volumes, the firm added.
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Read More on GPOR:
- Gulfport Energy Expands Stock Buyback Amid Strong Q3 Results
- Gulfport Energy Expands Stock Buyback Amid Strong Earnings
- Gulfport Energy cuts FY24 CapEx view to $325M-$335M
- Gulfport Energy reports Q3 adjusted EBITDA $178.1M
- GPOR Upcoming Earnings Report: What to Expect?
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