Goodrich Petroleum Corporation (NASDAQ:GDP) has been given a consensus broker rating score of 1.13 (Strong Buy) from the eight brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and seven have issued a strong buy recommendation on the company. Goodrich Petroleum’s rating score has declined by 13% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a 1-year consensus price target of $20.63 for the company and are predicting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also assigned Goodrich Petroleum an industry rank of 73 out of 257 based on the ratings given to its competitors.

Separately, Ifs Securities restated an “outperform” rating on shares of Goodrich Petroleum in a research note on Monday, October 29th.

Goodrich Petroleum stock traded down $0.65 during mid-day trading on Friday, reaching $13.70. 12,429 shares of the company traded hands, compared to its average volume of 42,347. Goodrich Petroleum has a fifty-two week low of $9.50 and a fifty-two week high of $15.75.

Goodrich Petroleum (NASDAQ:GDP) last issued its quarterly earnings results on Tuesday, August 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.06). The business had revenue of $17.84 million for the quarter, compared to analyst estimates of $16.70 million.

Goodrich Petroleum Company Profile

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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