J.P. Morgan analyst Zach Parham maintained a Hold rating on Gulfport Energy (OTC:GPORQ) on Tuesday, setting a price target of $98, which is approximately 39.22% above the present share price of $70.39.
Parham expects Gulfport Energy to post earnings per share (EPS) of $0.00 for the fourth quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Gulfport Energy, with an average price target of $109.
The analysts price targets range from a high of $120 to a low of $98.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of -$242.53 million and a net profit of -$432.42 million. The company's market cap is $1.45 billion.
According to TipRanks.com, J.P. Morgan analyst Zach Parham is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.2% and a 51.52% success rate.
Gulfport Energy is an independent exploration and production company concentrating on the Utica Shale play in Appalachia. At the end of 2018, the company reported proved reserves of 4,743 billion cubic feet of natural gas equivalent. Daily production averaged approximately 1,392 million cubic feet of natural gas equivalent in 2018 at a ratio of 10% liquids and 90% natural gas.