Goodrich Petroleum Corp. Sees Unusually Large Options Volume (GDP)
Shares of Goodrich Petroleum Corp. (NYSE:GDP) was the target of some unusual options trading activity on Monday. Stock traders purchased 13,093 call options on the company, Analyst Ratings Net reports. This represents an increase of approximately 195% compared to the average volume of 4,443 call options.
GDP has been the subject of a number of recent research reports. Analysts at Imperial Capital initiated coverage on shares of Goodrich Petroleum Corp. in a research note to investors on Wednesday, October 9th. They set an “in-line” rating and a $27.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Goodrich Petroleum Corp. in a research note to investors on Tuesday, September 24th. They set a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Goodrich Petroleum Corp. in a research note to investors on Monday, September 16th. They now have a $27.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Goodrich Petroleum Corp. currently has an average rating of “Buy” and a consensus price target of $25.89.
Shares of Goodrich Petroleum Corp. (NYSE:GDP) opened at 26.85 on Tuesday. Goodrich Petroleum Corp. has a 52-week low of $7.77 and a 52-week high of $28.55. The stock’s 50-day moving average is $25.04 and its 200-day moving average is $17.39. The company’s market cap is $986.1 million.
Goodrich Petroleum Corp. (NYSE:GDP) last released its earnings data on Tuesday, August 6th. The company reported ($0.63) earnings per share for the quarter, missing the analysts’ 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 in the prior year, the company posted ($0.21) earnings per share. The company’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts predict that Goodrich Petroleum Corp. will post $-2.61 earnings per share 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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