Analyst Price Target is $20.50
▲ +31.58% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Goodrich Petroleum in the last 3 months. The average price target is $20.50, with a high forecast of $20.50 and a low forecast of $20.50. The average price target represents a 31.58% upside from the last price of $15.58.
Current Consensus is
The current consensus among 1 investment analysts is to buy stock in Goodrich Petroleum. This Buy consensus rating has held steady for over two years.
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas properties in the United States. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas. The company owns interests in 189 producing oil and natural gas wells located in 37 fields in six states of the United States. As of December 31, 2020, it had estimated proved reserves of approximately 543 billion cubic feet equivalent, which included 540 billion cubic feet of natural gas and 0.5 million barrels of crude oil or other liquid hydrocarbons of oil and condensate. The company was founded in 1995 and is based in Houston, Texas.