Canaccord Genuity Maintains a 'Buy' on Goodrich Petroleum (GDP) After Meeting with Management; Disproportionate Equity Value Upside
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Price: $23.02 --0%
Rating Summary:
7 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
7 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity maintains a 'Buy' on Goodrich Petroleum (NYSE: GDP) price target cut by $1 to $31.
Canaccord analyst, John Gerdes, said, "We were recently on the road with GDP management and came away feeling incrementally positive on the company’s Eagle Ford/Buda assets, option value in the Tuscaloosa Marine Shale and upcoming liquidity events."
"Value upside: GDP remains among our top picks as the stock offers 100%+ upside to our $31 price target (revised slightly from our prior $32 target)."
For more ratings news on Goodrich Petroleum click here and for the rating history of Goodrich Petroleum click here.
Shares of Goodrich Petroleum closed at $15.49 yesterday.
Canaccord analyst, John Gerdes, said, "We were recently on the road with GDP management and came away feeling incrementally positive on the company’s Eagle Ford/Buda assets, option value in the Tuscaloosa Marine Shale and upcoming liquidity events."
"Value upside: GDP remains among our top picks as the stock offers 100%+ upside to our $31 price target (revised slightly from our prior $32 target)."
For more ratings news on Goodrich Petroleum click here and for the rating history of Goodrich Petroleum click here.
Shares of Goodrich Petroleum closed at $15.49 yesterday.
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