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Investing.com - Jefferies initiated coverage on Gulfport Energy (NYSE:GPOR) with a Buy rating and set a price target of $250.00 on Thursday. According to InvestingPro data, the company maintains a "GOOD" overall financial health score, with its stock trading with notably low price volatility. The company is scheduled to report earnings on November 4th.
The research firm believes Gulfport Energy’s inventory position is misunderstood by the market and its cost execution is under-appreciated by investors.
Jefferies noted that while the company’s dry gas inventory may be shorter than its peers, Gulfport’s liquids leasing program is working to close this duration gap.
The firm highlighted that Gulfport’s free cash flow conversion is positive, with its liquids cost structure competitive with industry leaders like EOG Resources and Antero Resources.
Jefferies expects Gulfport’s current discount to peers to narrow as the market gains better understanding of the company’s improving duration and cost structure, noting the stock currently offers approximately 21% free cash flow yield.
In other recent news, Gulfport Energy reported impressive financial results for the second quarter of 2025. The company posted an earnings per share (EPS) of $5.40, exceeding the forecasted $5.27. Revenue also surpassed expectations, reaching $448 million compared to the anticipated $335.27 million. Additionally, Gulfport Energy has completed the redemption of all outstanding shares of its Series A Convertible Preferred Stock. This transaction involved redeeming 2,449 shares at a total value of approximately $31.3 million, which included accrued and unpaid dividends. Prior to the redemption, 28,907 shares of preferred stock were converted into about 2.1 million shares of Gulfport common stock. These developments mark significant financial and operational milestones for the company.
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