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Goodrich Petroleum (GDP) Surges: Stock Moves 30.2% Higher
April 15, 2014

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Goodrich Petroleum Corp. (GDP - Free Report) 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 - Free Report) , World Point Terminals, LP and Approach Resources, Inc. (AREX - Free Report) . 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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