Connect with us

Hi, what are you looking for?

Stock

Gulfport Energy upgraded at KeyBanc on Trump tailwinds

Investing.com — KeyBanc Capital Markets raised its price target on Gulfport Energy (OTC:GPORQ) Operating Corp (NYSE:GPOR) to $205 from $165, citing tailwinds from the Trump administration’s energy policies and strong natural gas market sentiment.

KeyBanc noted that Gulfport’s recent rally, alongside a broader surge in energy equities, is likely to persist as a result of favorable macro conditions for natural gas.

“Despite the recent rally, we see compressed valuations and a best-inbreed 2025 FCF yield, relative to gassy peers,” analyst Tim Rezvan wrote in the note.

Gulfport shares have gained 28% month-to-date, outperforming both the Energy Select Sector SPDR Fund (XOP) and peers in the natural gas sector.

While pointing to its forecast of a 10.6% free cash flow (FCF) yield for the company in 2025, positioning Gulfport a top performer among its natural gas peers, it said that a re-rate can persist.

“we believe we are at the end of the beginning of the re-rate, not the beginning of the end”

KeyBanc, while reiterating its “outperform” (OW) rating on the stock, expected reversal of energy policies under a potential second Trump administration, a strong tailwind for the U.S. natural gas sector.

Analyst says Trump’s policies would support U.S. fossil fuels, especially in the development of infrastructure for data centers and the expansion of the U.S. power grid, driving demand for liquefied natural gas (LNG) exports.

Note also highlighted Gulfport’s strong operational execution and consistent well results. The company has been meeting its guidance, with well results in Ohio.

This post appeared first on investing.com

    You May Also Like

    Investing

    In the days since President-elect Donald Trump won the presidential race, Nicole Bivens Collinson’s phone has barely stopped ringing. Collinson, who helps lead the...

    Investing

    Netflix’s cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched. The company said Tuesday more than...

    Editor's Pick

    Adani Group shares experienced a rebound on Monday, recovering from last week’s steep losses sparked by U.S. criminal charges against Chairman Gautam Adani and...

    Stock

    Investing.com – Trip.com ADR (NASDAQ: TCOM) reported third quarter EPS of ¥7.05, ¥0.12 better than the analyst estimate of ¥6.93. Revenue for the quarter...



    Disclaimer: Techreportdiversity.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Techreportdiversity.com