$GDP very undervalued @1.39, Goodrich Petroleum
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Goodrich Petroleum Corporation (NYSE:GDP) Analyst Rating Update
July 16, 2015 by Carmen Lehman in Market Indices · 0 Comment
Goodrich Petroleum Corp (NYSE:GDP) has received a short term rating of hold from research analysts at Zacks with a rank of 3. The company has been rated an average of 2.86 by 14 Wall Street Analysts. 2 analysts have added the shares in their list of strong buys. 11 broker firms have advised hold. 1 market experts have rated it as strong sell.
Company has received recommendation from many analysts. Equity Analysts at the Brokerage Firm, SunTrust Robinson Humphrey, maintains their rating on the shares of Goodrich Petroleum Corporation (NYSE:GDP). SunTrust Robinson Humphrey has a Buy rating on the shares. As per the research report, the brokerage house lowers the price target to $4 per share from a prior target of $7. The rating by the firm was issued on June 18, 2015.
Goodrich Petroleum Corporation (NYSE:GDP): The mean estimate for the short term price target for Goodrich Petroleum Corporation (NYSE:GDP) stands at $4.25 according to 8 Analysts. The higher price target estimate for the stock has been calculated at $7 while the lower price target estimate is at $2.
Goodrich Petroleum Corp. has lost 0.67% in the last five trading days and dropped 34.07% in the last 4 weeks. Goodrich Petroleum Corp. has dropped 65.67% during the last 3-month period . Year-to-Date the stock performance stands at -66.44%. Shares of Goodrich Petroleum Corporation (NYSE:GDP) ended Wednesday session in red amid volatile trading. The shares closed down 0.08 points or 5.1% at $1.49 with 1,296,428 shares getting traded. Post opening the session at $1.56, the shares hit an intraday low of $1.47 and an intraday high of $1.59 and the price vacillated in this range throughout the day. The company has a market cap of $85 million and the number of outstanding shares has been calculated to be 57,172,000 shares. The 52-week high of Goodrich Petroleum Corporation (NYSE:GDP) is $23.41 and the 52-week low is $1.41.
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. It includes the Haynesville Shale and Cotton Valley Taylor Sand in Northwest Louisiana and East Texas, the Eagle Ford Shale and Buda Lime formations in South Texas and the Tuscaloosa Marine Shale in Southeast Louisiana and Southwest Mississippi. It owns interests in 401 producing oil and natural gas wells. As of December 31, 2011, it had reserves of 463.5 billion cubic feet of natural gas, 0.5 million barrels of natural gas liquids and 5.8 million barrels of oil and condensate. On September 28, 2012, it sold certain non-core properties in the South Henderson field in East Texas to Memorial Resource Development, L.L.C. In October 2012, Memorial Production Partners LP acquired oil and natural gas properties in East Texas from the Company.
Goodrich Petroleum Corp (NYSE:GDP) Analyst Ratings
Strong Buy Buy Hold Sell Strong Sell
2 0 11 0 1
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