Canaccord Genuity Maintains a 'Buy' on Goodrich Petroleum (GDP); Execution Remains Solid
Tweet
Share
E-mailGet Alerts GDP Hot Sheet
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
Join SI Premium – FREE
Canaccord Genuity maintains a 'Buy' on Goodrich Petroleum (NYSE: GDP) price target of $27.00.
Analyst, John Gerdes, said, "Goodrich’s execution in the Eagle Ford, Buda and Haynesville plays remains solid and we see material option value in the Tuscaloosa Marine Shale should the play end up competing economically. Additionally, a potential sale of a portion of the company’s Angelina River Trend acreage would offset the majority of the company’s cash flow deficit this year and alleviate liquidity concerns."
For an analyst ratings summary and ratings history on Goodrich Petroleum click here. For more ratings news on Goodrich Petroleum click here.
Shares of Goodrich Petroleum closed at $14.85 yesterday.
Analyst, John Gerdes, said, "Goodrich’s execution in the Eagle Ford, Buda and Haynesville plays remains solid and we see material option value in the Tuscaloosa Marine Shale should the play end up competing economically. Additionally, a potential sale of a portion of the company’s Angelina River Trend acreage would offset the majority of the company’s cash flow deficit this year and alleviate liquidity concerns."
For an analyst ratings summary and ratings history on Goodrich Petroleum click here. For more ratings news on Goodrich Petroleum click here.
Shares of Goodrich Petroleum closed at $14.85 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freedom Broker Upgrades John B. Sanfilippo & Son, Inc. (JBSS) to Buy
- Nutanix (NTNX) PT Raised to $80 at Oppenheimer Into EPS
- GLJ Research Downgrades Fluence Energy Inc. (FLNC) to Hold
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
