Canaccord Genuity Reiterates Buy on Goodrich Petroleum (GDP)

By admin | 7 years ago

Goodrich Petroleum (NYSE: GDP)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Wednesday.

Goodrich Petroleum opened at 15.72 on Wednesday. Goodrich Petroleum has a 52-week low of $9.91 and a 52-week high of $22.68. The company’s market cap is $571.7 million.

Goodrich Petroleum last posted its quarterly earnings results on Monday, May 7th. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.21) by $0.07. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts expect that Goodrich Petroleum will post $0.10 EPS next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank (NYSE: DB) initiated coverage on shares of Goodrich Petroleum in a research note to investors on Thursday, April 12nd. They set a “buy” rating and a $23.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Goodrich Petroleum from $21.00 to $28.00 in a research note to investors on Tuesday, March 27th. They now have a “buy” rating on the stock. Finally, analysts at Capital One upgraded shares of Goodrich Petroleum to a “neutral” rating in a research note to investors on Wednesday, March 7th.

Goodrich Petroleum Corporation is an independent oil and gas company engaged in the exploration, exploitation, development and production of oil and natural gas properties primarily in East Texas and Northwest Louisiana.

About the author