Shares of Goodrich Petroleum Corporation (NASDAQ:GDP) have been assigned a consensus broker rating score of 1.43 (Strong Buy) from the seven analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and five have assigned a strong buy rating to the company. Goodrich Petroleum’s rating score has declined by 3.6% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 12 month consensus price objective of $17.29 for the company and are forecasting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given Goodrich Petroleum an industry rank of 182 out of 256 based on the ratings given to related companies.

Separately, B. Riley reaffirmed a “buy” rating on shares of Goodrich Petroleum in a report on Monday, May 20th.

GDP traded up $0.31 during trading on Wednesday, reaching $10.75. 5,713 shares of the company traded hands, compared to its average volume of 20,171. Goodrich Petroleum has a 12-month low of $9.23 and a 12-month high of $15.50. The firm has a fifty day simple moving average of $11.11 and a 200 day simple moving average of $12.49.

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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