Gulfport Energy price target lowered to $90 from $114 at Truist

Truist analyst Neal Dingmann lowered the firm’s price target on Gulfport Energy to $90 from $114 but keeps a Buy rating on the shares. The company’s prereleased Q4 volumes were slightly below consensus and pricing was below consensus, but a series of as-expected financial updates on its ongoing litigation claims are putting to rest a non-material yet distracting element to the stock’s story, the analyst tells investors in a research note. The firm expects Gulfport to continue to forecast the company using most of its free cash flow to repurchase shares given the stock’s current low trading valuation.