Goodrich Petroleum Corp (NYSE:GDP) EVP Michael J. Killelea sold 2,288 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $9.29, for a total value of $21,255.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Goodrich Petroleum Corp (NYSE GDP) traded down 0.42% during midday trading on Tuesday, hitting $9.39. The stock had a trading volume of 15,253 shares. The company’s 50 day moving average price is $9.42 and its 200-day moving average price is $11.94. Goodrich Petroleum Corp has a 52-week low of $8.20 and a 52-week high of $16.85. The stock has a market cap of $98.96 million and a PE ratio of 5.33.

Goodrich Petroleum Corp (NYSE:GDP) last issued its quarterly earnings data on Friday, August 4th. The oil and natural gas company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.08. The business had revenue of $12.50 million during the quarter, compared to analysts’ expectations of $10.70 million. The company’s revenue for the quarter was down 42.9% compared to the same quarter last year. Analysts forecast that Goodrich Petroleum Corp will post ($0.77) EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parkwood LLC raised its stake in shares of Goodrich Petroleum Corp by 89.9% in the second 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 in the last quarter. Ameriprise Financial Inc. acquired a new stake in Goodrich Petroleum Corp in the second quarter valued at $1,387,000. Penn Capital Management Co. Inc. acquired a new stake in Goodrich Petroleum Corp in the second quarter valued at $1,701,000. Vanguard Group Inc. acquired a new stake in Goodrich Petroleum Corp in the second quarter valued at $2,941,000. Finally, FMR LLC acquired a new stake in Goodrich Petroleum Corp in the second quarter valued at $2,739,000.

GDP has been the topic of a number of recent research reports. Zacks Investment Research raised Goodrich Petroleum Corp from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, October 3rd. EuroPacific Canada initiated coverage on Goodrich Petroleum Corp in a research note on Tuesday, October 3rd. They issued a “buy” rating and a $16.00 target price on the stock. Eurobank EFG initiated coverage on Goodrich Petroleum Corp in a research note on Tuesday, October 3rd. They issued a “buy” rating and a $16.00 target price on the stock. Northland Securities initiated coverage on Goodrich Petroleum Corp in a research note on Wednesday, June 28th. They issued an “outperform” rating and a $21.00 target price on the stock. Finally, Capital One Financial Corporation initiated coverage on Goodrich Petroleum Corp in a research note on Tuesday, July 11th. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $16.80.

About Goodrich Petroleum Corp

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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