Goodrich Petroleum Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodrich Petroleum in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Goodrich Petroleum stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GDP, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Goodrich Petroleum a "Hold" 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 is scheduled to release its next quarterly earnings announcement on Friday, November 12th 2021.
View our earnings forecast for Goodrich Petroleum.

Goodrich Petroleum Co. (NYSEAMERICAN:GDP) issued its earnings results on Thursday, August, 5th. The company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.53 by $0.11. The firm had revenue of $38.10 million for the quarter, compared to analyst estimates of $37.30 million. Goodrich Petroleum had a positive trailing twelve-month return on equity of 39.82% and a negative net margin of 26.00%.
View Goodrich Petroleum's earnings history.

Goodrich Petroleum's stock was trading at $4.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GDP shares have increased by 407.0% and is now trading at $20.99.
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4 brokerages have issued 12 month target prices for Goodrich Petroleum's shares. Their forecasts range from $20.50 to $23.00. On average, they anticipate Goodrich Petroleum's stock price to reach $22.38 in the next year. This suggests a possible upside of 6.6% from the stock's current price.
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Some companies that are related to Goodrich Petroleum include Laredo Petroleum (LPI), Brigham Minerals (MNRL), Talos Energy (TALO), Kosmos Energy (KOS), Par Pacific (PARR), Advantage Energy (AAVVF), Kimbell Royalty Partners (KRP), Contango Oil & Gas (MCF), Penn Virginia (PVAC), GeoPark (GPRK), Vine Energy (VEI), Hess Midstream (HESM), Earthstone Energy (ESTE), Dorchester Minerals (DMLP) and Genel Energy (GEGYY).
View all of GDP's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Goodrich Petroleum investors own include Goodrich Petroleum (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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.60%), Dimensional Fund Advisors LP (1.83%), Russell Investments Group Ltd. (0.99%), Bridgeway Capital Management LLC (0.92%), Millennium Management LLC (0.88%) and Renaissance Technologies LLC (0.82%).
View institutional ownership trends for Goodrich Petroleum.

GDP stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Northern Trust Corp, Renaissance Technologies LLC, Geode Capital Management LLC, JPMorgan Chase & Co., Bank of America Corp DE, and Bridgeway Capital Management LLC.
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GDP stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Russell Investments Group Ltd., Ergoteles LLC, Mackenzie Financial Corp, Vanguard Group Inc., Van Den Berg Management I Inc., Tibra Equities Europe Ltd, and Connor Clark & Lunn Investment Management Ltd..
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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 $20.99.

Goodrich Petroleum has a market capitalization of $283.57 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 2,020 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].