Former EPG Sweet 16 back and up big today on good earnings release. Disciplined managed and low leverage well hedged in current gas environment.
Worth a look but certainly there are currently some great picks already identified here.
GPOR
Re: GPOR
Note from Truist Financial 3-2-2023
Gulfport Energy Corporation (GPOR, $76.01, Buy) - Stable
Plan and Highly Hedged Prices Push FCF Higher Making - Unlike
most E&Ps, we forecast Gulfport to have sequentially higher
FCF this year, driven by slightly higher YOY production, nearly
fully hedged prices, and limited cost inflation. As a result, we
forecast the company to generate a FCF yield this year of 20%
+; one of the highest not only of any natural gas producer, but
any E&P. Investors will likely enjoy the lion share of FCF in the
form of buybacks given the low reinvestment rate of 55% and
the materially low debt (0.3x leverage this year). As such, we are
increasing our Price Target to $99 from $90. - Neal Dingmann
Gulfport Energy Corporation (GPOR, $76.01, Buy) - Stable
Plan and Highly Hedged Prices Push FCF Higher Making - Unlike
most E&Ps, we forecast Gulfport to have sequentially higher
FCF this year, driven by slightly higher YOY production, nearly
fully hedged prices, and limited cost inflation. As a result, we
forecast the company to generate a FCF yield this year of 20%
+; one of the highest not only of any natural gas producer, but
any E&P. Investors will likely enjoy the lion share of FCF in the
form of buybacks given the low reinvestment rate of 55% and
the materially low debt (0.3x leverage this year). As such, we are
increasing our Price Target to $99 from $90. - Neal Dingmann
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group