Goodrich Petroleum Corp. Target of Unusually Large Options Trading (GDP)
Goodrich Petroleum Corp. (NYSE:GDP) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 6,761 call options on the stock, Analyst Ratings Network.com reports. This is an increase of approximately 183% compared to the typical volume of 2,393 call options.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Goodrich Petroleum Corp. (NYSE:GDP) in a research note to investors on Tuesday, September 24th. They set a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Goodrich Petroleum Corp. (NYSE:GDP) in a research note to investors on Monday, September 16th. They now have a $27.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Goodrich Petroleum Corp. (NYSE:GDP) from $24.00 to $35.00 in a research note to investors on Monday, September 16th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $25.80.
Goodrich Petroleum Corp. (NYSE:GDP) traded down 3.15% on Monday, hitting $24.29. The stock had a trading volume of 1,145,606 shares. Goodrich Petroleum Corp. has a 1-year low of $7.77 and a 1-year high of $27.65. The stock has a 50-day moving average of $23.5 and a 200-day moving average of $16.48. The company’s market cap is $892.1 million.
Goodrich Petroleum Corp. (NYSE:GDP) last released its earnings data on Tuesday, August 6th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by $0.02. The company had revenue of $48.50 million for the quarter, compared to the consensus estimate of $58.00 million. During the same quarter last year, the company posted ($0.21) earnings per share. Goodrich Petroleum Corp.’s revenue was up 17.4% compared to the same quarter last year. Analysts expect that Goodrich Petroleum Corp. will post $-2.61 EPS for the current fiscal year.
Goodrich Petroleum Corporation is an independent oil and natural gas company engaged in exploration, development and production of oil and natural gas on properties primarily in Northwest Louisiana, East Texas and South Texas.
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