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Goodrich Petroleum (GDP) Surges: Stock Moves 30.2% Higher

Zacks Equity Research

Goodrich Petroleum Corp. (GDP) was a big mover last session, as the company saw its shares rise by over 30% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 62% in the past one-month time frame.

This independent oil & gas company has seen four positive and five negative estimate revisions over the past 30 days while its Zacks Consensus Estimate has moved down over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Goodrich Petroleum currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.

Some better-ranked stocks in the same sector include Range Resources Corporation (RRC), World Point Terminals, LP (WPT) and Approach Resources, Inc. (AREX). While Range Resources and World Point Terminals, LP hold a Zacks Rank #1 (Strong Buy), Approach Resources carries a Zacks Rank #2 (Buy).

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GOODRICH PETE CORP (GDP): Free Stock Analysis Report

RANGE RESOURCES CORP (RRC): Free Stock Analysis Report

WORLD POINT TERMINALS LP (WPT): Free Stock Analysis Report

APPROACH RESOURCES INC (AREX): Free Stock Analysis Report

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