Is There Potential In Goodrich Petroleum Corporation (GDP), Extreme Networks Inc (EXTR) and EV Energy Partners, L.P. (EVEP)
New York, NY – GDP INSIDER – 05/04/2014.
This article discusses three companies: Goodrich Petroleum Corporation (NYSE:GDP), Extreme Networks Inc (NASDAQ:EXTR) and EV Energy Partners, L.P. (NASDAQ:EVEP)
Goodrich Petroleum Corporation (NYSE:GDP) continued its downward trend on Friday with the stock closing down 3% or $0.120 at $3.75 with 2.38 million shares traded, compared to its three month average of 3.67 million. The independent oil and gas producer has been struggling as oil prices are not stable yet and after starting the year strongly compared to the S&P 500, has been underperforming the index since July. The share price is now down 84% for the last 52 weeks versus the S&P 500 which is up 11% for the period. Until oil prices recover it is better to hold than buy.
Extreme Networks Inc (NASDAQ:EXTR) climbed slightly on Friday, reversing some of its recent declines with the stock closing up 0.79% or $0.02 at $2.54 with more than 1.127 million shares changing hands, compared to its three month average trading volume of 1.25 million. The developer and distributor of network infrastructure equipment has been trading within a fairly narrow range of between $2.40 and $3.30 for the last month, with no strong indicators that it is likely to break out at the moment, hold for now.
EV Energy Partners, L.P. (NASDAQ:EVEP) lost 0.06% or $0.01 to finish the day at a closing price of $17.58 that moved the stock 17.08% above its 50 day moving average of $15.05 and 29.13% below its 200 day moving average of $24.72. Despite the loss, the stock is situated 51.71% above its 52 week low of $11.59. With price to earnings ratio of 6.81 and earnings per share (ttm) of $2.58, the stock has potential for growth but that will largely be dependent on whether oil prices continue to rise up or not.
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