Goodrich Petroleum Corp (NYSE:GDP) insider Mark E. Ferchau sold 2,939 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $9.29, for a total transaction of $27,303.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Goodrich Petroleum Corp (NYSE GDP) traded down 0.42% during trading on Tuesday, hitting $9.39. 15,253 shares of the company traded hands. The company has a market capitalization of $98.96 million and a P/E ratio of 5.33. The stock has a 50 day moving average price of $9.42 and a 200 day moving average price of $11.94. Goodrich Petroleum Corp has a 12-month low of $8.20 and a 12-month high of $16.85.

Goodrich Petroleum Corp (NYSE:GDP) last announced its quarterly earnings data on Friday, August 4th. The oil and natural gas company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.08. The firm had revenue of $12.50 million during 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 anticipate that Goodrich Petroleum Corp will post ($0.77) earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Schneider Capital Management Corp bought a new stake in Goodrich Petroleum Corp in the 2nd quarter valued at about $274,000. Parkwood LLC raised its stake in Goodrich Petroleum Corp by 89.9% in the 2nd quarter. Parkwood LLC now owns 85,471 shares of the oil and natural gas company’s stock valued at $1,039,000 after acquiring an additional 40,471 shares during the period. Ameriprise Financial Inc. bought a new stake in Goodrich Petroleum Corp in the 2nd quarter valued at about $1,387,000. Penn Capital Management Co. Inc. bought a new stake in Goodrich Petroleum Corp in the 2nd quarter valued at about $1,701,000. Finally, Raffles Associates LP bought a new stake in Goodrich Petroleum Corp in the 2nd quarter valued at about $2,316,000.

Several equities analysts have commented on the stock. Northland Securities assumed coverage on shares of Goodrich Petroleum Corp in a report on Wednesday, June 28th. They issued an “outperform” rating and a $21.00 price objective on the stock. Zacks Investment Research downgraded shares of Goodrich Petroleum Corp from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Capital One Financial Corporation began coverage on shares of Goodrich Petroleum Corp in a research note on Tuesday, July 11th. They issued an “overweight” rating on the stock. EuroPacific Canada began coverage on shares of Goodrich Petroleum Corp in a research note on Tuesday, October 3rd. They issued a “buy” rating and a $16.00 price target on the stock. Finally, Eurobank EFG began coverage on shares of Goodrich Petroleum Corp in a research note on Tuesday, October 3rd. They issued a “buy” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Goodrich Petroleum Corp has an average rating of “Buy” and an average target price of $16.80.

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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