Research analysts at Capital One Financial Corporation began coverage on shares of Goodrich Petroleum Corp (NYSE:GDP) in a research note issued on Tuesday, July 11th, MarketBeat Ratings reports. The brokerage set an “overweight” rating on the oil and natural gas company’s stock.

GDP has been the topic of several other reports. SunTrust Banks, Inc. initiated coverage on Goodrich Petroleum Corp in a research note on Tuesday, April 11th. They issued a “buy” rating and a $20.00 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. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $20.50.

Goodrich Petroleum Corp (GDP) opened at 11.75 on Tuesday. The company has a market cap of $107.02 million and a PE ratio of 11.47. Goodrich Petroleum Corp has a 52-week low of $10.05 and a 52-week high of $17.25. The firm’s 50-day moving average price is $12.74 and its 200 day moving average price is $13.58.

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 for the quarter, topping the Thomson Reuters’ 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. Goodrich Petroleum Corp’s quarterly revenue was down 42.9% compared to the same quarter last year. On average, equities analysts predict that Goodrich Petroleum Corp will post ($0.83) EPS for the current fiscal year.

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In other Goodrich Petroleum Corp news, VP Robert T. Barker sold 3,072 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $12.20, for a total value of $37,478.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

An institutional investor recently raised its position in Goodrich Petroleum Corp stock. Parkwood LLC increased its position in shares of Goodrich Petroleum Corp (NYSE:GDP) by 89.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,471 shares of the oil and natural gas company’s stock after buying an additional 40,471 shares during the period. Parkwood LLC owned about 0.94% of Goodrich Petroleum Corp worth $1,039,000 as of its most recent filing with the SEC.

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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