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Fly News Breaks for April 5, 2019
GPOR
Apr 5, 2019 | 07:06 EDT
Oppenheimer analyst Tim Rezvan downgraded Gulfport Energy to Perform from Outperform and removed his $14 price target. In a research note to investors, Rezvan says that even with shares at $7.75, $1 above their ten-year low, he "struggles" to find value. Amid a lack of deleveraging or earnings/production growth, the analyst says he expect Gulfport to remain range-bound unless a medium-term growth strategy emerges or natural gas prices rally.
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