A number of research firms have changed their ratings and price targets for Goodrich Petroleum Corp (NYSE: GDP):

  • 10/10/2017 – Goodrich Petroleum Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Goodrich Petroleum Corporation is an exploration and production company. It engaged in the exploitation, development and production of natural gas and crude oil primarily in the Haynesville Shale in Northeast Texas and Northwest Louisiana, the Tuscaloosa Marine Shale in Eastern Louisiana and Southwestern Mississippi and the oil-window of the Eagle Ford Shale trend in South Texas. Goodrich Petroleum Corporation is based in Houston, Texas. “
  • 10/3/2017 – Goodrich Petroleum Corp is now covered by analysts at Eurobank EFG. They set a “buy” rating and a $16.00 price target on the stock.
  • 10/3/2017 – Goodrich Petroleum Corp is now covered by analysts at EuroPacific Canada. They set a “buy” rating and a $16.00 price target on the stock.
  • 10/3/2017 – Goodrich Petroleum Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “Goodrich Petroleum Corporation is an exploration and production company. It engaged in the exploitation, development and production of natural gas and crude oil primarily in the Haynesville Shale in Northeast Texas and Northwest Louisiana, the Tuscaloosa Marine Shale in Eastern Louisiana and Southwestern Mississippi and the oil-window of the Eagle Ford Shale trend in South Texas. Goodrich Petroleum Corporation is based in Houston, Texas. “

Shares of Goodrich Petroleum Corp (GDP) opened at 9.82 on Thursday. Goodrich Petroleum Corp has a 12 month low of $8.20 and a 12 month high of $17.25. The company has a market capitalization of $103.48 million and a P/E ratio of 5.57. The firm has a 50-day moving average of $10.47 and a 200-day moving average of $12.76.

Goodrich Petroleum Corp (NYSE:GDP) last released its quarterly earnings data on Friday, August 4th. The oil and natural gas company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.08. The firm had revenue of $12.50 million for the quarter, compared to the consensus estimate of $10.70 million. The business’s quarterly revenue was down 42.9% on a year-over-year basis. On average, equities analysts predict that Goodrich Petroleum Corp will post ($0.77) earnings per share for the current year.

In other Goodrich Petroleum Corp news, major shareholder Franklin Resources Inc sold 2,689 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $9.66, for a total transaction of $25,975.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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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