J. P. Morgan cuts Gulfport PT on pricing headwinds, CEO change

Gulfport Energy

25/01/2023 13:43

** J. P. Morgan cuts PT on natural gas producer Gulfport
Energy Corp  GPOR.N  to $93 from $103; maintains "neutral"
rating 
    ** Expects pricing headwinds to weigh on Q4 earnings
    ** Brokerage sets EBITDA est. of $155 mln, below Wall St
est. of $164 mln 
    ** Brokerage awaits management comments for potential deals
after John Reinhart recently replaced Tim Cutt as CEO for GPOR
    ** Reinhart, a former Montage Resources CEO, is noted for
guiding the company through its merger with Southwest Energy
 SWN.N 
    ** As of last close, stock was down ~1% this month
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))