Raymond James & Associates decreased its holdings in Goodrich Petroleum Corp (NYSEAMERICAN:GDP) by 39.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,078 shares of the company’s stock after selling 6,596 shares during the quarter. Raymond James & Associates owned about 0.08% of Goodrich Petroleum worth $136,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Rhumbline Advisers acquired a new position in shares of Goodrich Petroleum in the 4th quarter valued at about $152,000. Bank of New York Mellon Corp increased its stake in shares of Goodrich Petroleum by 3.6% in the 4th quarter. Bank of New York Mellon Corp now owns 25,617 shares of the company’s stock valued at $346,000 after purchasing an additional 902 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Goodrich Petroleum by 66.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 105,479 shares of the company’s stock valued at $1,481,000 after purchasing an additional 41,984 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Goodrich Petroleum by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 330,997 shares of the company’s stock valued at $4,647,000 after purchasing an additional 50,118 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in shares of Goodrich Petroleum by 17.8% in the 3rd quarter. Vanguard Group Inc now owns 330,997 shares of the company’s stock valued at $4,647,000 after purchasing an additional 50,118 shares in the last quarter.
GDP traded up $0.31 during trading hours on Friday, reaching $12.62. The company’s stock had a trading volume of 16,542 shares, compared to its average volume of 18,594. Goodrich Petroleum Corp has a fifty-two week low of $11.60 and a fifty-two week high of $15.75.
Several equities research analysts have commented on GDP shares. Zacks Investment Research lowered Goodrich Petroleum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 15th. Northland Securities restated a “buy” rating and set a $22.00 target price on shares of Goodrich Petroleum in a report on Wednesday, March 6th. Finally, TheStreet upgraded Goodrich Petroleum from a “d” rating to a “b” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $22.00.
Goodrich Petroleum Profile
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. 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.
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