Goodrich Petroleum Corporation with ticker code (GDP) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 15 and 10 calculating the mean target price we have 11.4. With the stocks previous close at 6.75 this now indicates there is a potential upside of 68.9%. There is a 50 day moving average of 7.47 and the 200 moving average now moves to 6.75. The company has a market capitalisation of $86m. Visit the company website at: http://www.goodrichpetroleum.com
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. The company owns interests in 176 producing oil and natural gas wells located in 37 fields in seven states of the United States. As of December 31, 2019, it had estimated proved reserves of approximately 517 billion cubic feet equivalent, which included 510 billion cubic feet of natural gas and 1.1 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.