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Shares of Goodrich Petroleum (NYSE:GDP) have been given a consensus rating of “Buy” by the eighteen brokerages that are covering the stock, AR Network reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.00.

A number of research firms have recently commented on GDP. Analysts at Raymond James upgraded shares of Goodrich Petroleum from an “outperform” rating to a “strong-buy” rating in a research note on Friday. Separately, analysts at Howard Weil downgraded shares of Goodrich Petroleum from a “focus stock” rating to a “sector outperform” rating in a research note on Wednesday, June 18th. They now have a $37.00 price target on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Goodrich Petroleum from $35.00 to $38.00 in a research note on Tuesday, June 3rd.

Shares of Goodrich Petroleum (NYSE:GDP) traded up 2.16% on Friday, hitting $19.41. The stock had a trading volume of 388,737 shares. Goodrich Petroleum has a 52 week low of $11.80 and a 52 week high of $30.52. The stock has a 50-day moving average of $23.41 and a 200-day moving average of $20.99. The company’s market cap is $859.5 million. Goodrich Petroleum also saw unusually large options trading activity on Thursday. Traders bought 28,288 call options on the stock. This is an increase of 915% compared to the average daily volume of 2,787 call options.

Goodrich Petroleum (NYSE:GDP) last released its earnings data on Thursday, August 7th. The company reported ($0.48) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.46) by $0.02. The company had revenue of $53.30 million for the quarter, compared to the consensus estimate of $55.10 million. During the same quarter in the prior year, the company posted ($0.63) earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts expect that Goodrich Petroleum will post $-1.63 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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