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Enter Symbol:
Goodrich Petroleum Corporation (GDP) [hlAlert]

Sector Outperform
down 95.67 %

Goodrich Petroleum Corporation (GDP) rated Sector Outperform with price target $18 by Howard Weil

Posted on: Wednesday,  Nov 5, 2014  9:25 AM ET by Howard Weil

Howard Weil rated Sector Outperform Goodrich Petroleum Corporation (NYSE: GDP) on 11/05/2014. Previously Howard Weil rated Market Outperform Goodrich Petroleum Corporation (NYSE: GDP)
on 06/21/2010., when the stock price was $15.74. Since then, Goodrich Petroleum Corporation has lost 95.68% as of 12/01/2015's recent price of $0.68.
If you would have followed the previous Howard Weil's recommendation on GDP, you would have lost 95.67% of your investment in 1989 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.

Howard Weil’s team of research professionals currently cover approximately 100 public energy companies, including major integrated oil companies, independent refiners, exploration and production companies, oilfield services companies, gas and power, coal producers and other energy companies. Our research analysts engage in ongoing dialogue with company management and constant internal analysis in order to give Howard Weil’s clients an in-depth understanding of the companies we cover, as well as current insights on the global energy marketplace.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/5/2014 9:25 AM Buy
7.51 18.00
as of 10/17/2014
1 Week up  0.18 %
1 Month down  -39.82 %
3 Months down  -51.41 %
1 YTD down  -36.25 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/18/2014 12:00 AM Buy
28.65 37.00
9/3/2013 9:25 AM Buy
22.43 36.00
2/22/2013 9:25 AM Buy
13.29 20.00
8/23/2012 9:25 AM Buy
14.00 19.00
6/21/2010 9:25 AM Buy
15.74 24.00

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