Goodrich Petroleum (GDP) Tops Q1 EPS by 13c, Offers Guidance

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Go back to Goodrich Petroleum (GDP) Tops Q1 EPS by 13c, Offers Guidance

Imperial Capital Looks to Encana Results and Raises PT on Goodrich Petroleum (GDP)

May 7, 2015 11:48 AM EDT

Imperial Capital Research maintains an Outperform rating on Goodrich Petroleum Corp. (NYSE: GDP) and raises their price target to $7 (from $4) after Encana results lead to expected improved returns. Also, the company exceeded expectations, despite drill-out issues creating lower-than-anticipated production.

Imperial Capital Research analyst, Kim Pacanovsky, comments on Encana results, saying, "Recent Encana results, and results from... More