SunTrust Robinson Humphrey Starts Goodrich Petroleum (GDP) at Buy

SunTrust Robinson Humphrey initiates coverage on Goodrich Petroleum (NYSE: GDP) with a Buy rating and a price target of $20.00.

The analyst notes the clean balance sheet and acreage in the core parts of Haynesville. The analyst expects the firm to benefit from completions and strong differentials due to location near the Gulf Coast.

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 $0.16 yesterday.

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