Goodrich Petroleum Corporation – Consensus Indicates Potential .1% Upside

Broker Ratings

Goodrich Petroleum Corporation with ticker code (GDP) have now 4 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 25 and 21 with a mean TP of 23. Given that the stocks previous close was at 22.97 this now indicates there is a potential upside of .1%. The 50 day moving average now sits at 22.18 and the 200 day MA is 16.68. The market capitalisation for the company is $368m. You can visit the company’s website by visiting: https://goodrichpetroleumcorp.investorroom.com

The potential market cap would be $368m based on the market concensus.

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Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas properties in the United States. 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. The company owns interests in 189 producing oil and natural gas wells located in 37 fields in six states of the United States. As of December 31, 2020, it had estimated proved reserves of approximately 543 billion cubic feet equivalent, which included 540 billion cubic feet of natural gas and 0.5 million barrels of crude oil or other liquid hydrocarbons of oil and condensate. The company was founded in 1995 and is based in Houston, Texas.

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