Goodrich Petroleum Corporation – Consensus Indicates Potential 4.3% Upside

Broker Ratings

Goodrich Petroleum Corporation with ticker code (GDP) have now 5 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 28 and 21 with the average target price sitting at 24. With the stocks previous close at 23 this is indicating there is a potential upside of 4.3%. The 50 day moving average now sits at 21.91 and the 200 day moving average is 15.22. The company has a market capitalisation of $331m. Company Website: http://goodrichpetroleumcorp.investorroom.com

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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