Goodrich Petroleum Corp. Rating Increased to Focus List at Howard Weil (GDP)
Goodrich Petroleum Corp. (NYSE:GDP) was upgraded by stock analysts at Howard Weil from an “outperform” rating to a “focus list” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Goodrich Petroleum Corp. (NYSE:GDP) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.54) EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted ($0.23) earnings per share. The company’s revenue for the quarter was up 24.3% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at KeyCorp upgraded shares of Goodrich Petroleum Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $27.49.
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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