Upgrade Alert for Goodrich Petroleum (GDP)
Goodrich Petroleum (NYSE:GDP) was upgraded from Market Perform to Outperform at Raymond James today. The stock closed yesterday at $15.15 on volume of 2.3 million shares, above average daily volume of 618,000.
Goodrich Petroleum Corporation and its subsidiaries explore, develop, produce, and acquire oil and natural gas properties. The Company's properties are located in the onshore portions of the United States, primarily in Louisiana and Texas.
In the past 52 weeks, shares of Goodrich Petroleum have traded between a low of $7.77 and a high of $16.18 and closed yesterday at $15.15, which is 95% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.
There is potential upside of 11.5% for shares of Goodrich Petroleum based on a current price of $15.15 and an average consensus analyst price target of $16.90. Goodrich Petroleum shares have support at the 50-day moving average (MA) of $12.94 and additional support at the 200-day MA of $12.08.
SmarTrend is monitoring the recent change of momentum in Goodrich Petroleum. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Goodrich Petroleum in search of a potential trend change.
Keywords: analyst upgrades/downgrades goodrich petroleum