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Goodrich Petroleum (NYSE: GDP) received a number of price target changes and ratings updates during the last week:

  • Goodrich Petroleum had its price target raised by analysts at Northland Securities from $30.00 to $33.00. They now have a “positive” rating on the stock.
  • Goodrich Petroleum had its price target raised by analysts at Northland Capital Mkts from $30.00 to $33.00. They now have an “outperform” rating on the stock.
  • Goodrich Petroleum had its price target raised by analysts at Canaccord Genuity from $24.00 to $28.00. They now have a “buy” rating on the stock.
  • Goodrich Petroleum was upgraded by analysts at Imperial Capital from an “in-line” rating to an “outperform” rating. They now have a $33.00 price target on the stock, up previously from $13.00.
  • Goodrich Petroleum was downgraded by analysts at KLR Group from a “buy” rating to a “hold” rating. They now have a $24.00 price target on the stock, up previously from $19.00.
  • Goodrich Petroleum had its price target raised by analysts at BMO Capital Markets from $25.00 to $35.00. They now have an “outperform” rating on the stock.
  • Goodrich Petroleum had its price target raised by analysts at Raymond James from $29.00 to $33.00.

Shares of Goodrich Petroleum Co. (NYSE:GDP) opened at 26.46 on Thursday. Goodrich Petroleum Co. has a 52 week low of $11.16 and a 52 week high of $28.55. The stock has a 50-day moving average of $17.2 and a 200-day moving average of $18.57. The company’s market cap is $1.171 billion. Goodrich Petroleum also was the recipient of a significant growth in short interest in January. As of March 31st, there was short interest totalling 15,763,932 shares, a growth of 21.7% from the March 14th total of 12,955,836 shares. Currently, 45.3% of the company’s shares are sold short. Based on an average trading volume of 2,016,576 shares, the short-interest ratio is currently 7.8 days.

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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