EuroPacific Canada initiated coverage on shares of Goodrich Petroleum Corp (NYSE:GDP) in a research report sent to investors on Tuesday. The firm issued a buy rating and a $16.00 target price on the oil and natural gas company’s stock.

Several other research firms also recently weighed in on GDP. Eurobank EFG began coverage on shares of Goodrich Petroleum Corp in a research report on Tuesday. They issued a buy rating and a $16.00 target price on the stock. Northland Securities assumed coverage on shares of Goodrich Petroleum Corp in a report on Wednesday, June 28th. They set an outperform rating and a $21.00 price target on the stock. Zacks Investment Research downgraded shares of Goodrich Petroleum Corp from a hold rating to a sell rating in a research report on Tuesday, July 25th. Finally, Capital One Financial Corporation started coverage on shares of Goodrich Petroleum Corp in a research report on Tuesday, July 11th. They issued an overweight rating for the company. Seven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus target price of $16.80.

Shares of Goodrich Petroleum Corp (NYSE GDP) traded down 0.42% during mid-day trading on Tuesday, reaching $9.55. 26,113 shares of the company were exchanged. The company’s 50 day moving average price is $10.37 and its 200 day moving average price is $12.74. Goodrich Petroleum Corp has a 12 month low of $8.20 and a 12 month high of $17.25. The firm has a market capitalization of $100.64 million and a PE ratio of 5.42.

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

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In other Goodrich Petroleum Corp news, major shareholder Franklin Resources Inc sold 2,689 shares of Goodrich Petroleum Corp stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $9.66, for a total transaction of $25,975.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

A number of hedge funds have recently added to or reduced their stakes in the business. Raffles Associates LP acquired a new stake in shares of Goodrich Petroleum Corp during the 2nd quarter valued at $2,316,000. Schneider Capital Management Corp purchased a new position in shares of Goodrich Petroleum Corp during the 2nd quarter valued at $274,000. FMR LLC purchased a new position in shares of Goodrich Petroleum Corp during the 2nd quarter valued at $2,739,000. Vanguard Group Inc. purchased a new position in shares of Goodrich Petroleum Corp during the 2nd quarter valued at $2,941,000. Finally, Penn Capital Management Co. Inc. purchased a new position in shares of Goodrich Petroleum Corp during the 2nd quarter valued at $1,701,000.

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.

Analyst Recommendations for Goodrich Petroleum Corp (NYSE:GDP)

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