Stock To Watch: Goodrich Petroleum (GDP) In Perilous Reversal

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Goodrich Petroleum ( GDP) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Goodrich Petroleum as such a stock due to the following factors:

  • GDP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $33.0 million.
  • GDP has traded 68,302 shares today.
  • GDP is down 3.2% today.
  • GDP was up 6.5% yesterday.

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More details on GDP:

Goodrich Petroleum Corporation, an independent oil and natural gas company, is engaged in the exploration, development, and production of oil and natural gas. Currently there are 11 analysts that rate Goodrich Petroleum a buy, 1 analyst rates it a sell, and 1 rates it a hold.

The average volume for Goodrich Petroleum has been 1.5 million shares per day over the past 30 days. Goodrich has a market cap of $662.0 million and is part of the basic materials sector and energy industry. The stock has a beta of 2.38 and a short float of 48% with 6.72 days to cover. Shares are down 6.8% year-to-date as of the close of trading on Wednesday.

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