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Enter Symbol:
Rating: GDP
Sell $0.20

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

Tuesday,  Dec 1, 2015  8:25 AM ET by Lynn Gilbert

Stifel downgraded Goodrich Petroleum Corporation (NYSE: GDP) to Sell with price target
$0.20. Previously, Stifel rated Goodrich Petroleum Corporation (NYSE: GDP) to Buy with price target $35 on 09/16/2013, when the stock price was valued at $27.50.

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.


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