Equities research analysts expect that Goodrich Petroleum Corp (NYSE:GDP) will announce earnings of ($0.29) per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Goodrich Petroleum Corp’s earnings, with estimates ranging from ($0.40) to ($0.16). The firm is scheduled to report its next earnings report before the market opens on Friday, August 4th.

On average, analysts expect that Goodrich Petroleum Corp will report full-year earnings of ($1.06) per share for the current year, with EPS estimates ranging from ($1.31) to ($0.86). For the next year, analysts anticipate that the firm will post earnings of $0.98 per share, with EPS estimates ranging from $0.36 to $1.60. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Goodrich Petroleum Corp.

Goodrich Petroleum Corp (NYSE:GDP) last issued its earnings results on Tuesday, May 9th. The oil and natural gas company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.59. The firm had revenue of $9.41 million during the quarter, compared to analyst estimates of $9.89 million.

GDP has been the topic of several research reports. SunTrust Banks, Inc. initiated coverage on Goodrich Petroleum Corp in a research note on Tuesday, April 11th. They set a “buy” rating and a $20.00 price objective on the stock. Northland Securities initiated coverage on Goodrich Petroleum Corp in a research note on Wednesday, June 28th. They set an “outperform” rating and a $21.00 price objective on the stock. Finally, Capital One Financial Corporation initiated coverage on Goodrich Petroleum Corp in a research note on Tuesday, July 11th. They set an “overweight” rating on the stock.

In other news, VP Robert T. Barker sold 3,072 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $12.20, for a total transaction of $37,478.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

A hedge fund recently bought a new stake in Goodrich Petroleum Corp stock. Parkwood LLC purchased a new position in Goodrich Petroleum Corp (NYSE:GDP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,000 shares of the oil and natural gas company’s stock, valued at approximately $633,000. Parkwood LLC owned 0.49% of Goodrich Petroleum Corp at the end of the most recent quarter.

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Goodrich Petroleum Corp (GDP) opened at 12.87 on Monday. The stock has a market cap of $117.22 million and a P/E ratio of 12.57. Goodrich Petroleum Corp has a 1-year low of $10.05 and a 1-year high of $17.25. The company’s 50-day moving average price is $12.59 and its 200-day moving average price is $13.59.

About Goodrich Petroleum Corp

Goodrich Petroleum Corporation is an independent oil and natural gas company. The Company is engaged in the exploration, development and production of oil and natural gas on properties primarily in Southwest Mississippi and Southeast Louisiana, which includes the Tuscaloosa Marine Shale Trend (TMS); Northwest Louisiana and East Texas, which includes the Haynesville Shale Trend, and South Texas, which includes the Eagle Ford Shale Trend.

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