Goodrich Petroleum Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodrich Petroleum in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Goodrich Petroleum stock.
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Wall Street analysts have given Goodrich Petroleum a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Goodrich Petroleum wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Goodrich Petroleum saw a increase in short interest in the month of May. As of May 14th, there was short interest totaling 392,100 shares, an increase of 25.1% from the April 29th total of 313,400 shares. Based on an average trading volume of 71,500 shares, the days-to-cover ratio is currently 5.5 days. Approximately 4.1% of the company's shares are sold short.
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Goodrich Petroleum is scheduled to release its next quarterly earnings announcement on Tuesday, August 10th 2021.
View our earnings forecast for Goodrich Petroleum.

Goodrich Petroleum Co. (NYSEAMERICAN:GDP) issued its quarterly earnings results on Thursday, May, 6th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.08. The firm earned $31.87 million during the quarter, compared to analyst estimates of $30.66 million. Goodrich Petroleum had a positive trailing twelve-month return on equity of 9.57% and a negative net margin of 34.46%.
View Goodrich Petroleum's earnings history.

Goodrich Petroleum's stock was trading at $4.14 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GDP shares have increased by 183.3% and is now trading at $11.73.
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1 Wall Street analysts have issued 12-month price objectives for Goodrich Petroleum's stock. Their forecasts range from $13.00 to $13.00. On average, they anticipate Goodrich Petroleum's stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price.
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Some companies that are related to Goodrich Petroleum include Hess Midstream (HESM), W&T Offshore (WTI), Vine Energy (VEI), Dorchester Minerals (DMLP), Tengasco (TGC), Berry (BRY), Genel Energy (GEGYY), Portage Biotech (PRTG), TETRA Technologies (TTI), Falcon Minerals (FLMN), Vista Oil & Gas (VIST), SilverBow Resources (SBOW), Gran Tierra Energy (GTE), Ring Energy (REI) and Obsidian Energy (OBELF).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Goodrich Petroleum investors own include (GDPMQ) (GDPMQ), Geron (GERN), PhaseBio Pharmaceuticals (PHAS), Spectrum Pharmaceuticals (SPPI), Tonix Pharmaceuticals (TNXP), Agile Therapeutics (AGRX), Aptinyx (APTX), Algonquin Power & Utilities (AQN), Accuray (ARAY) and Athersys (ATHX).

Goodrich Petroleum trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "GDP."

Goodrich Petroleum's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.02%), Dimensional Fund Advisors LP (1.81%), Cushing Asset Management LP (1.62%), Walthausen & Co. LLC (1.50%), Renaissance Technologies LLC (1.27%) and Prescott Group Capital Management L.L.C. (1.23%).
View institutional ownership trends for Goodrich Petroleum.

GDP stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, and Goldman Sachs Group Inc..
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GDP stock was acquired by a variety of institutional investors in the last quarter, including Cushing Asset Management LP, Prescott Group Capital Management L.L.C., Walthausen & Co. LLC, Renaissance Technologies LLC, BlackRock Inc., Russell Investments Group Ltd., Dimensional Fund Advisors LP, and Van Den Berg Management I Inc..
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Shares of GDP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GDP stock can currently be purchased for approximately $11.73.

Goodrich Petroleum has a market capitalization of $157.21 million and generates $93.83 million in revenue each year. The company earns $-44,140,000.00 in net income (profit) each year or $0.21 on an earnings per share basis.

Goodrich Petroleum employs 42 workers across the globe.

The official website for Goodrich Petroleum is www.goodrichpetroleum.com.

Goodrich Petroleum is headquartered at 801 Louisiana Suite 700, HOUSTON TX, 77002.

Goodrich Petroleum's mailing address is 801 Louisiana Suite 700, HOUSTON TX, 77002. The company can be reached via phone at 713-780-9494 or via email at [email protected]