Why Gulfport Energy Stock Flopped on Friday
An analyst chopped his price target on the company's shares.
Overview
Natural gas company Gulfport Energy (NYSE: GPOR) wasn't providing much energy for its investors on Friday. Many of those folks were dissuaded by a bearish adjustment made by an analyst that morning and sold out of their stock, leaving it with a more than 5% loss that trading session.
Truist Securities' Gabe Daoud cut his price target on Gulfport to $190 per share, some distance down from his previous fair value assessment of $219. That didn't change his overall view of the stock, as he maintained his hold recommendation.
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Originally published at www.fool.com.
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