Gulfport Energy shares fell more than 5% on Friday after Truist Securities analyst Gabe Daoud lowered his price target to $190 from $219 while maintaining a hold rating. The cut was part of a broader reevaluation of the natural gas exploration and production segment, with Daoud forecasting October-ending gas storage 4% above the five-year average, which typically pressures prices. He did note that 2028 and 2029 could see lower storage levels and higher prices. Rising crude oil prices due to the Iran conflict may also weigh on natural gas prices.
Gulfport Energy Operating CorpTruist Securities analyst lowered price target from $219 to $190, citing above-average gas storage pressuring prices.
Truist Financial Corp