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Goodrich Petroleum Corporation (GDP) [hlAlert]

Rating:
Buy GDP
down 95.75 %

Goodrich Petroleum Corporation (GDP) rated Buy with price target $23 by Deutsche Bank

Posted on: Thursday,  Apr 12, 2012  2:25 PM ET by Deutsche Bank

Deutsche Bank rated Buy Goodrich Petroleum Corporation (NYSE: GDP) on 04/12/2012, when the stock price was $16.00. Since
then, Goodrich Petroleum Corporation has lost 95.75% as of 12/01/2015's recent price of $0.68.
If you would have followed this Deutsche Bank's recommendation on GDP, you would have lost 95.75% of your investment in 1328 days.

Goodrich Petroleum Corporation is an independent oil and gas company engaged in the exploration, exploitation, development and production of oil and natural gas properties primarily in the Cotton Valley trend of East Texas and Northwest Louisiana. As of December 31, 2008, the Company owned working interests in 414 active oil and gas wells located in thirty fields in six states. At December 31, 2008, Goodrich had estimated proved reserves of approximately 390.4 billion cubic feet (Bcf) of natural gas and 1.9 million barrels (MMBbls) of oil and condensate, or an aggregate of 402.3 billion cubic feet equivalent (Bcfe). In 2008, the Company drilled and completed 126 gross wells. In June 2008, Goodrich and Chesapeake Energy Corporation announced that they have entered into a joint venture to develop Goodrich?s Haynesville Shale acreage in the Bethany-Longstreet and Longwood fields of Caddo and DeSoto Parishes, Louisiana.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/12/2012 2:25 PM Buy
None
16.00 23.00
as of 12/31/2012
1 Week up  4.25 %
1 Month up  3.44 %
3 Months down  -26.26 %
1 YTD down  -41.75 %

(*) Stock Price at the time of the recommendation.
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