Capital One Financial Corporation Initiates Coverage on Goodrich Petroleum Corp (NYSE:GDP)
Stock analysts at Capital One Financial Corporation began coverage on shares of Goodrich Petroleum Corp (NYSE:GDP) in a research report issued on Tuesday, The Fly reports. The brokerage set an “overweight” rating on the oil and natural gas company’s stock.
A number of other brokerages have also issued reports on GDP. Northland Securities initiated coverage on Goodrich Petroleum Corp in a research report on Wednesday, June 28th. They set an “outperform” rating and a $21.00 target price on the stock. SunTrust Banks, Inc. initiated coverage on Goodrich Petroleum Corp in a research report on Tuesday, April 11th. They set a “buy” rating and a $20.00 target price on the stock.
Goodrich Petroleum Corp (NYSE GDP) traded up 7.4030% on Tuesday, hitting $14.1772. The stock had a trading volume of 1,225 shares. The company’s 50 day moving average is $12.55 and its 200 day moving average is $13.52. The firm has a market cap of $129.13 million and a PE ratio of 13.8449. Goodrich Petroleum Corp has a 12-month low of $10.05 and a 12-month high of $17.25.
Goodrich Petroleum Corp (NYSE:GDP) last announced its earnings results on Tuesday, May 9th. The oil and natural gas company reported ($0.63) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.59. The firm had revenue of $9.41 million during the quarter, compared to analyst estimates of $9.89 million. On average, equities research analysts expect that Goodrich Petroleum Corp will post ($0.82) EPS for the current fiscal year.
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In related news, VP Robert T. Barker sold 3,072 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $12.20, for a total value of $37,478.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
An institutional investor recently bought a new position in Goodrich Petroleum Corp stock. Parkwood LLC bought a new stake in shares of Goodrich Petroleum Corp (NYSE:GDP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 45,000 shares of the oil and natural gas company’s stock, valued at approximately $633,000. Parkwood LLC owned about 0.49% of Goodrich Petroleum Corp as of its most recent SEC filing.
Goodrich Petroleum Corp Company Profile
Goodrich Petroleum Corporation is an independent oil and natural gas company. The Company is engaged in the exploration, development and production of oil and natural gas on properties primarily in Southwest Mississippi and Southeast Louisiana, which includes the Tuscaloosa Marine Shale Trend (TMS); Northwest Louisiana and East Texas, which includes the Haynesville Shale Trend, and South Texas, which includes the Eagle Ford Shale Trend.
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