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Goodrich Petroleum Corporation (GDP) [hlAlert]

Rating:
In-line GDP
down 91.43 %

Goodrich Petroleum Corporation (GDP) rated In-line with price target $0.70 by Imperial Capital

Posted on: Friday,  Aug 7, 2015  8:25 AM ET by Imperial Capital

Imperial Capital rated In-line Goodrich Petroleum Corporation (NYSE: GDP) on 08/07/2015. Previously Imperial Capital rated Outperform Goodrich Petroleum Corporation (NYSE: GDP) on
11/05/2014., when the stock price was $7.94. Since then, Goodrich Petroleum Corporation has lost 91.44% as of 12/01/2015's recent price of $0.68.
If you would have followed the previous Imperial Capital's recommendation on GDP, you would have lost 91.43% of your investment in 391 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.

Imperial Capital
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/7/2015 8:25 AM Buy
None
0.76 0.70
as of 8/27/2015
1 Week up  7.93 %
1 Month down  -64.39 %
3 Months down  -80.05 %
1 YTD down  -10.52 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/5/2014 12:25 PM Buy
None
7.94 15.00

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