Goodrich Petroleum Corp. Price Target Increased to $22.00 by Analysts at Imperial Capital (GDP)
Analysts at Imperial Capital upped their price objective on shares of Goodrich Petroleum Corp. (NYSE:GDP) from $18.00 to $22.00 in a research report issued to clients and investors on Friday, Analyst Ratings News reports. Imperial Capital’s target price suggests a potential upside of 32.37% from the stock’s previous close.
A number of other firms have also recently commented on GDP. Analysts at Howard Weil upgraded shares of Goodrich Petroleum Corp. from an “outperform” rating to a “focus list” rating in a research note to investors on Wednesday. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $27.49.
Goodrich Petroleum Corp. (NYSE:GDP) opened at 16.62 on Friday. 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 $17.61 and a 200-day moving average of $20.31. The company’s market cap is $610.7 million.
Goodrich Petroleum Corp. (NYSE:GDP) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating the 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. 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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