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Fly News Breaks for May 15, 2018
TUSK, GPOR
May 15, 2018 | 08:29 EDT
Jefferies analyst Zach Parham says shares of Gulfport Energy continue to trade at a discount to peers despite its 14% annual production growth while spending within cash flow at the strip. Proceeds from the recently announced Strike Force sale and the current market value of Gulfport's Mammoth Energy (TUSK) shares account for 31% of the company's market capitalization, Parham tells investors in a research note. The analyst adds that Gulfport's buyback could reduce the share count by 10%. He keeps a Buy rating on the stock with a $15 price target.
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