NYSEAMERICAN:GDP

Goodrich Petroleum Stock Forecast, Price & News

$11.97

-0.17 (-1.40 %)

(As of 06/15/2021 04:15 PM ET)

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Today's Range

$11.90

▼

$12.15

50-Day Range

$9.50

▼

$11.56

52-Week Range

$6.41

▼

$13.30

Volume43,484 shs

Average Volume62,692 shs

Market Capitalization$160.42 million

P/E RatioN/A

Dividend YieldN/A

Beta2.06

30 days | 90 days | 365 days | Advanced Chart

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About Goodrich Petroleum

Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas properties in the United States. 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 189 producing oil and natural gas wells located in 37 fields in six states of the United States. As of December 31, 2020, it had estimated proved reserves of approximately 543 billion cubic feet equivalent, which included 540 billion cubic feet of natural gas and 0.5 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.

Warren Buffett's favorite market indicator hits 200%, signaling stocks are overpriced and a crash may be coming
June 3, 2021 | markets.businessinsider.com

Short Interest in Goodrich Petroleum Co. (NYSEAMERICAN:GDP) Grows By 25.1%
June 2, 2021 | americanbankingnews.com

Bank of England boosts 2021 UK growth forecast to 7.25% in wake of successful vaccine rollout
May 6, 2021 | msn.com

Goodrich Petroleum Announces First Quarter 2021 Financial Results
May 6, 2021 | finance.yahoo.com

Goodrich Petroleum (GDP) Tops Q1 Earnings and Revenue Estimates
May 6, 2021 | finance.yahoo.com

Goodrich Petroleum Announces Conference Call to Discuss First Quarter 2021 Financial Results
April 22, 2021 | finance.yahoo.com

Health Check: How Prudently Does Goodrich Petroleum (NYSEMKT:GDP) Use Debt?
April 19, 2021 | nasdaq.com

China's economy grew a record 18.3% in the first quarter - but that number doesn't tell the whole story
April 16, 2021 | msn.com

Elon Musk asked Cathie Wood about the Buffett indicator flashing red. The Ark Invest chief explained why she isn't worried.
April 6, 2021 | msn.com

Earnings Estimates Rising for Goodrich Petroleum (GDP): Will It Gain?
April 2, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSEAMERICAN
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNYSEAMERICAN:GDP
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.goodrichpetroleum.com
Phone713-780-9494
Employees42
Year FoundedN/A

Sales & Book Value

Annual Sales$93.83 million
Price / Sales1.71
Cash Flow$4.07 per share
Price / Cash Flow2.94
Book Value$3.28 per share
Price / Book3.65

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares13,402,000
Market Cap$160.42 million
Next Earnings Date8/10/2021 (Estimated)
OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

1.36 out of 5 stars

Oils/Energy Sector

169th out of 686 stocks

Crude Petroleum & Natural Gas Industry

61st out of 256 stocks

1.5 Analyst's Opinion

Consensus Rating
Goodrich Petroleum has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.00, Goodrich Petroleum has a forecasted upside of 8.6% from its current price of $11.97.
Amount of Analyst Coverage
Goodrich Petroleum has received no research coverage in the past 90 days.

2.4 Community Rank

Outperform Votes
Goodrich Petroleum has received 95 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Goodrich Petroleum has received 102 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Goodrich Petroleum has received 51.78% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Goodrich Petroleum does not currently pay a dividend.
Dividend Growth
Goodrich Petroleum does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Goodrich Petroleum insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 13.60% of the stock of Goodrich Petroleum is held by insiders.
Percentage Held by Institutions
75.36% of the stock of Goodrich Petroleum is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Goodrich Petroleum are expected to grow by 14.17% in the coming year, from $2.40 to $2.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Goodrich Petroleum is -4.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Goodrich Petroleum is -4.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Goodrich Petroleum has a P/B Ratio of 3.65. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Goodrich Petroleum (NYSEAMERICAN:GDP) Frequently Asked Questions

Is Goodrich Petroleum a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodrich Petroleum in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Goodrich Petroleum stock.
View analyst ratings for Goodrich Petroleum or view top-rated stocks.

What stocks does MarketBeat like better than Goodrich Petroleum?

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.
View MarketBeat's top stock picks here.

Are investors shorting Goodrich Petroleum?

Goodrich Petroleum saw a increase in short interest in 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 short-interest ratio is currently 5.5 days. Approximately 4.1% of the shares of the stock are sold short.
View Goodrich Petroleum's Short Interest.

When is Goodrich Petroleum's next earnings date?

Goodrich Petroleum is scheduled to release its next quarterly earnings announcement on Tuesday, August 10th 2021.
View our earnings forecast for Goodrich Petroleum.

How were Goodrich Petroleum's earnings last quarter?

Goodrich Petroleum Co. (NYSEAMERICAN:GDP) released its 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 business had revenue of $31.87 million for the quarter, compared to analysts' expectations 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.

How has Goodrich Petroleum's stock been impacted by COVID-19?

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 stock has increased by 189.6% and is now trading at $11.99.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for GDP?

1 analysts have issued 12-month price targets for Goodrich Petroleum's shares. Their forecasts range from $13.00 to $13.00. On average, they anticipate Goodrich Petroleum's share price to reach $13.00 in the next year. This suggests a possible upside of 8.4% from the stock's current price.
View analysts' price targets for Goodrich Petroleum or view top-rated stocks among Wall Street analysts.

Who are Goodrich Petroleum's key executives?

Goodrich Petroleum's management team includes the following people:

Mr. Walter G. Goodrich, Chairman & CEO (Age 63, Pay $1.2M)
Mr. Robert C. Turnham Jr., Pres, COO & Director (Age 63, Pay $1.2M)
Mr. Michael J. Killelea, Exec. VP, Gen. Counsel & Corp. Sec. (Age 58, Pay $630.22k)
Ms. Kristen M. McWatters, Sr. VP, CFO, Controller & Chief Accounting Officer
Ms. Leslee M. Ranly, VP of HR & Admin.
Mr. Michael Huggins, VP of Marketing & Assistant Gen. Counsel
Mr. Thomas S. Nemec, Sr. VP of Operations
Mr. Clarke A. Denney, Sr. VP of Drilling
Mr. Timothy D. Lane, Sr. VP of Land & Planning Admin.
Mr. Rusty Mondelli, VP of Information Technology

Who are some of Goodrich Petroleum's key competitors?

Some companies that are related to Goodrich Petroleum include Vine Energy (VEI), Berry (BRY), Genel Energy (GEGYY), Torchlight Energy Resources (TRCH), Tengasco (TGC), TETRA Technologies (TTI), Portage Biotech (PRTG), Falcon Minerals (FLMN), Vista Oil & Gas (VIST), SilverBow Resources (SBOW), Ring Energy (REI), Gran Tierra Energy (GTE), SandRidge Energy (SD), Obsidian Energy (OBELF) and Battalion Oil (BATL).
View all of GDP's 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 (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).

What is Goodrich Petroleum's stock symbol?

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

Who are Goodrich Petroleum's major shareholders?

Goodrich Petroleum's stock is owned by a variety of institutional and retail investors. Top institutional investors 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.

Which major investors are selling Goodrich Petroleum stock?

GDP stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, and Goldman Sachs Group Inc..
View insider buying and selling activity for Goodrich Petroleum or view top insider-selling stocks.

Which major investors are buying Goodrich Petroleum stock?

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..
View insider buying and selling activity for Goodrich Petroleum or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Goodrich Petroleum's stock price today?

One share of GDP stock can currently be purchased for approximately $11.99.

How much money does Goodrich Petroleum make?

Goodrich Petroleum has a market capitalization of $160.67 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.

How many employees does Goodrich Petroleum have?

Goodrich Petroleum employs 42 workers across the globe.

What is Goodrich Petroleum's official website?

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

Where are Goodrich Petroleum's headquarters?

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

How can I contact Goodrich Petroleum?

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]

This page was last updated on 6/15/2021 by MarketBeat.com Staff

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