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Analysts at SunTrust reduced their price target on shares of Goodrich Petroleum (NYSE:GDP) from $41.00 to $35.00 in a research report issued to clients and investors on Friday. SunTrust’s target price indicates a potential upside of 75.61% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Goodrich Petroleum from $31.00 to $29.00 in a research note on Friday. Separately, analysts at Raymond James upgraded shares of Goodrich Petroleum from an “outperform” rating to a “strong-buy” rating in a research note on Friday. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $33.67.

Goodrich Petroleum (NYSE:GDP) opened at 19.93 on Friday. Goodrich Petroleum has a one year low of $11.80 and a one year high of $30.52. The stock has a 50-day moving average of $23.16 and a 200-day moving average of $20.99. The company’s market cap is $882.5 million. Goodrich Petroleum also saw some unusual options trading on Thursday. Investors acquired 28,288 call options on the stock. This represents an increase of 915% compared to the typical volume of 2,787 call options.

Goodrich Petroleum (NYSE:GDP) last issued its quarterly 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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