Goodrich Petroleum Corp. Rating Increased to Buy at KeyCorp (GDP)
Goodrich Petroleum Corp. (NYSE:GDP) was upgraded by analysts at KeyCorp from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Securities initiated coverage on shares of Goodrich Petroleum Corp. in a research note to investors on Tuesday, December 10th. They set an “outperform” rating and a $30.00 price target on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Goodrich Petroleum Corp. in a research note to investors on Tuesday, December 10th. They set an “outperform” rating and a $30.00 price target on the stock. Finally, analysts at KLR Group upgraded shares of Goodrich Petroleum Corp. from an “accumulate” rating to a “buy” rating in a research note to investors on Tuesday, December 10th. They now have a $26.00 price target on the stock. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Goodrich Petroleum Corp. has a consensus rating of “Buy” and a consensus target price of $28.02.
In other Goodrich Petroleum Corp. news, VP Dawn Smajstrla unloaded 3,000 shares of Goodrich Petroleum Corp. stock on the open market in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $17.13, for a total value of $51,390.00. Following the completion of the transaction, the vice president now directly owns 10,890 shares in the company, valued at approximately $186,546. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Goodrich Petroleum Corp. (NYSE:GDP) traded up 0.60% during mid-day trading on Monday, hitting $16.63. 787,628 shares of the company’s stock traded hands. Goodrich Petroleum Corp. has a 1-year low of $9.14 and a 1-year high of $28.55. The stock has a 50-day moving average of $17.96 and a 200-day moving average of $20.17. The company’s market cap is $611.1 million.
Goodrich Petroleum Corp. (NYSE:GDP) last released its earnings data on Tuesday, November 5th. The company reported ($0.54) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.85) by $0.31. The company had revenue of $57.20 million for the quarter, compared to the consensus estimate of $59.40 million. During the same quarter last year, the company posted ($0.23) earnings per share. Goodrich Petroleum Corp.’s revenue was up 24.3% compared to the same quarter last year. Analysts expect that Goodrich Petroleum Corp. will post $-2.38 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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