Gulfport Energy promotes Michael Moore to CEO, J. Ross Kirtley to COO Gulfport Energy announced that its board has concluded its nationwide search with Preng & Associates for a CEO. The board announced that Michael G. Moore has been promoted to CEO and has joined the company's board and J. Ross Kirtley has been promoted to COO. In addition, following a concurrent search for directors also led by Preng & Associates, Michael S. Reddin has been appointed to the company's board. Moore was formerly Interim CEO and CFO. Kirtley was formerly COO for the company's Ohio activities.
Gulfport Energy price target raised to $60 from $50 at Stifel Stifel increased its price target on Gulfport after the company reported higher than expected Q1 production and agreed to acquire Paloma Partners III, LLC for approximately $300M. The firm keeps a Buy rating on the stock.