Goodrich Petroleum Corp (NYSEAMERICAN:GDP) has been given an average rating of “Buy” by the seven ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.00.
Several equities research analysts recently issued reports on GDP shares. Seaport Global Securities reissued a “buy” rating on shares of Goodrich Petroleum in a research report on Thursday, October 10th. Zacks Investment Research lowered shares of Goodrich Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, Northland Securities reaffirmed a “buy” rating and set a $13.00 price target on shares of Goodrich Petroleum in a research note on Friday, November 8th.
NYSEAMERICAN GDP opened at $9.44 on Friday. Goodrich Petroleum has a 12 month low of $8.70 and a 12 month high of $15.24. The company has a 50-day moving average of $10.73 and a 200-day moving average of $12.09.
About Goodrich Petroleum
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas.
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