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Goodrich Petroleum Corporation (GDP) [hlAlert]

Rating:
Sell GDP
down 98.58 %

Goodrich Petroleum Corporation (GDP) downgraded to Sell with price target $0.20 by Stifel

Posted on: Tuesday,  Dec 1, 2015  8:25 AM ET by Stifel

Stifel rated Sell Goodrich Petroleum Corporation (NYSE: GDP) on 12/01/2015. Previously Stifel rated Buy Goodrich Petroleum Corporation (NYSE: GDP) on 09/16/2013.,
when the stock price was $27.50. Since then, Goodrich Petroleum Corporation has lost 98.59% as of 12/01/2015's recent price of $0.39.
If you would have followed the previous Stifel's recommendation on GDP, you would have lost 98.58% of your investment in 806 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.

Stifel
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/1/2015 8:25 AM Sell
None
0.39 0.20
as of 8/27/2015
1 Week up  7.93 %
1 Month down  -64.39 %
3 Months down  -80.05 %
1 YTD down  -96.00 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/16/2013 9:25 AM Buy
None
27.50 35.00

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