Gulfport Energy downgraded to In Line from Outperform at Evercore ISI

Evercore ISI analyst Stephen Richardson downgraded Gulfport Energy to In Line from Outperform with an unchanged price target of $170. The firm says the downgrade is not a call on commodity market dynamics or valuation, rather a view that Gulfport is likely reaching a point where the asset base “is at a crossroads and matriculating to the next tier / scale in the industry in a way that is accretive and low risk for shareholders is a challenge.”