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. The company owns interests in 173 producing oil and natural gas wells located in 37 fields in 7 states of the United States. As of December 31, 2018, it had estimated proved reserves of approximately 480 billion cubic feet equivalent, which included 471 billion cubic feet of natural gas and 1.4 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.
Industry, Sector and Symbol
Industry Oil & Gas E&P
Sub-IndustryN/A
SectorEnergy
CIKN/A
Phone713-780-9494
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Profitability
Miscellaneous
Employees51
Next Earnings Date3/3/2020 (Estimated)
OptionableNot Optionable
Goodrich Petroleum (NYSEAMERICAN:GDP) Frequently Asked Questions
What is Goodrich Petroleum's stock symbol?
Goodrich Petroleum trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "GDP."
How were Goodrich Petroleum's earnings last quarter?
Goodrich Petroleum Corp (NYSEAMERICAN:GDP) posted its earnings results on Thursday, November, 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.32 by $0.18. The company earned $27.17 million during the quarter, compared to analysts' expectations of $33.55 million. View Goodrich Petroleum's Earnings History.
When is Goodrich Petroleum's next earnings date?
What price target have analysts set for GDP?
5 brokers have issued 12-month price objectives for Goodrich Petroleum's stock. Their forecasts range from $13.00 to $15.50. On average, they expect Goodrich Petroleum's share price to reach $14.25 in the next twelve months. This suggests a possible upside of 43.4% from the stock's current price. View Analyst Price Targets for Goodrich Petroleum.
What is the consensus analysts' recommendation for Goodrich Petroleum?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodrich Petroleum in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Goodrich Petroleum.
What are Wall Street analysts saying about Goodrich Petroleum stock?
Here are some recent quotes from research analysts about Goodrich Petroleum stock:
- 1. According to Zacks Investment Research, "Goodrich Petroleum Corporation is an exploration and production company. It engaged in the exploitation, development and production of natural gas and crude oil primarily in the Haynesville Shale in Northeast Texas and Northwest Louisiana, the Tuscaloosa Marine Shale in Eastern Louisiana and Southwestern Mississippi and the oil-window of the Eagle Ford Shale trend in South Texas. Goodrich Petroleum Corporation is based in Houston, Texas. " (11/2/2019)
- 2. Northland Securities analysts commented, "We note GDP has ~65% of estimated 2H19 natural gas hedged, providing strong pricing support. Additionally, its balance sheet remains in good shape with leverage under 1.5x at the end of 2Q19. We reiterate our OP rating and $16 PT. In-Line: GDP reported 2Q19 Adjusted EBITDA of $21.5MM, essentially in-line with consensus of $21.3MM and our estimate of $22.0MM. Production of 138 MMCFEPD was also in-line with consensus of 137 MMCFEPD and our estimate of 138 MMCFEPD. Realized prices of $2.70/BOE were slightly below our estimate of $2.81/MCFE. The company is currently running one rig in the Haynesville and plans to complete two wells in 3Q19, one of which has already been completed." (8/7/2019)
Has Goodrich Petroleum been receiving favorable news coverage?
News coverage about GDP stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Goodrich Petroleum earned a news sentiment score of 0.8 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Goodrich Petroleum.
Who are some of Goodrich Petroleum's key competitors?
Some companies that are related to Goodrich Petroleum include Kina Petroleum (KPE), Tamarack Valley Energy (TVE), Gran Tierra Energy (GTE), Gran Tierra Energy (GTE), BlackPearl Resources (PXX), Eland Oil & Gas (ELA), FAR (FAR), Surge Energy (SGY), Jadestone Energy (JSE), Enquest (ENQ), Strike Energy (STX), Contango Oil & Gas (MCF), Cardinal Energy (CJ), Amerisur Resources (AMER) and Rockrose Energy (RRE).
What other stocks do shareholders of Goodrich Petroleum own?
Who are Goodrich Petroleum's key executives?
Goodrich Petroleum's management team includes the folowing people:
- Mr. Walter G. Goodrich, Chairman & CEO (Age 61)
- Mr. Robert C. Turnham Jr., Pres, COO & Director (Age 61)
- Mr. Mark E. Ferchau, Exec. VP (Age 65)
- Mr. Robert T. Barker, Sr. VP, Controller, Chief Accounting Officer & CFO (Age 68)
- Ms. Leslee M. Ranly, VP of HR & Admin.
Who are Goodrich Petroleum's major shareholders?
Goodrich Petroleum's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (1.17%) and Barclays PLC (0.04%). Company insiders that own Goodrich Petroleum stock include Franklin Resources Inc, Gen Iv Investment Opportunitie and Kenneth Adam Leight. View Institutional Ownership Trends for Goodrich Petroleum.
Which institutional investors are selling Goodrich Petroleum stock?
How do I buy shares of Goodrich Petroleum?
Shares of GDP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Goodrich Petroleum's stock price today?
One share of GDP stock can currently be purchased for approximately $9.94.
How big of a company is Goodrich Petroleum?
What is Goodrich Petroleum's official website?
How can I contact Goodrich Petroleum?
The company can be reached via phone at 713-780-9494.
MarketBeat Community Rating for Goodrich Petroleum (NYSEAMERICAN GDP)
MarketBeat's community ratings are surveys of what our community members think about Goodrich Petroleum and other stocks. Vote "Outperform" if you believe GDP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GDP will underperform the S&P 500 over the long term. You may vote once every thirty days.
