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NYSEAMERICAN:GDP - Goodrich Petroleum Stock Price, Forecast & News

$6.05
-0.05 (-0.82 %)
(As of 02/23/2020 06:53 AM ET)
Today's Range
$6.05
Now: $6.05
$6.33
50-Day Range
$9.40
MA: $10.73
$11.64
52-Week Range
$5.18
Now: $6.05
$15.24
Volume25,119 shs
Average Volume19,603 shs
Market Capitalization$74.49 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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

Stock Exchange NYSEAMERICAN
Industry Oil & Gas E&P
Sub-IndustryN/A
SectorEnergy
Current SymbolNYSEAMERICAN:GDP
CUSIPN/A
CIKN/A
Phone713-780-9494

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees51
Market Cap$74.49 million
Next Earnings Date3/5/2020 (Confirmed)
OptionableNot Optionable

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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."

When is Goodrich Petroleum's next earnings date?

Goodrich Petroleum is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Goodrich Petroleum.

How can I listen to Goodrich Petroleum's earnings call?

Goodrich Petroleum will be holding an earnings conference call on Thursday, March 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for GDP?

5 brokers have issued 12 month price objectives for Goodrich Petroleum's shares. Their forecasts range from $13.00 to $15.50. On average, they anticipate Goodrich Petroleum's stock price to reach $14.17 in the next twelve months. This suggests a possible upside of 134.2% 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 5 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. " (2/14/2020)
  • 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 stories about GDP stock have been trending very negative recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. 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 daily sentiment score of -3.8 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Goodrich Petroleum.

Are investors shorting Goodrich Petroleum?

Goodrich Petroleum saw a increase in short interest in January. As of January 15th, there was short interest totalling 242,500 shares, an increase of 13.2% from the December 31st total of 214,300 shares. Based on an average daily trading volume, of 15,500 shares, the short-interest ratio is currently 15.6 days. Approximately 2.7% of the company's shares are short sold. View Goodrich Petroleum's Current Options Chain.

Who are some of Goodrich Petroleum's key competitors?

What other stocks do shareholders of Goodrich Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Goodrich Petroleum investors own include Goodrich Petroleum (GDPMQ), Methanex (MEOH), Pattern Energy Group (PEGI), Walgreens Boots Alliance (WBA), AbbVie (ABBV), BCE (BCE), Franklin Resources (BEN), Bank of Nova Scotia (BNS), Carnival (CCL) and Cinemark (CNK).

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 number of of institutional and retail investors. Top institutional investors include Raffles Associates LP (4.90%), State Street Corp (1.21%), Walthausen & Co. LLC (0.76%), UBS Group AG (0.10%), Panagora Asset Management Inc. (0.09%) and Barclays PLC (0.07%). 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?

GDP stock was sold by a variety of institutional investors in the last quarter, including Panagora Asset Management Inc. and Raffles Associates LP. View Insider Buying and Selling for Goodrich Petroleum.

Which institutional investors are buying Goodrich Petroleum stock?

GDP stock was bought by a variety of institutional investors in the last quarter, including Walthausen & Co. LLC, State Street Corp, Barclays PLC and UBS Group AG. Company insiders that have bought Goodrich Petroleum stock in the last two years include Gen Iv Investment Opportunitie and Kenneth Adam Leight. View Insider Buying and Selling for Goodrich Petroleum.

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 $6.05.

How big of a company is Goodrich Petroleum?

Goodrich Petroleum has a market capitalization of $74.49 million. Goodrich Petroleum employs 51 workers across the globe.View Additional Information About Goodrich Petroleum.

What is Goodrich Petroleum's official website?

The official website for Goodrich Petroleum is http://www.goodrichpetroleum.com/.

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)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  80 (Vote Outperform)
Underperform Votes:  85 (Vote Underperform)
Total Votes:  165
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.
This page was last updated on 2/23/2020 by MarketBeat.com Staff

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