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Goodrich Petroleum Corporation (GDP) [hlAlert]

Rating:
Buy GDP
down 94.91 %

Goodrich Petroleum Corporation (GDP) rated Buy with price target $26 by Global Hunter Securities

Posted on: Tuesday,  Feb 28, 2012  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Buy Goodrich Petroleum Corporation (NYSE: GDP) on 02/28/2012. Previously Global Hunter Securities rated Accumulate Goodrich Petroleum Corporation (NYSE: GDP)
on 10/12/2011., when the stock price was $13.37. Since then, Goodrich Petroleum Corporation has lost 94.91% as of 12/01/2015's recent price of $0.68.
If you would have followed the previous Global Hunter Securities's recommendation on GDP, you would have lost 94.91% of your investment in 1511 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.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/28/2012 9:25 AM Buy
None
16.62 26.00
as of 12/31/2012
1 Week up  4.25 %
1 Month up  3.44 %
3 Months down  -26.26 %
1 YTD down  -32.11 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/12/2011 10:25 AM Buy
None
13.37

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