Critical Contrast: Goodrich Petroleum Corp (GDP) and Ultra Petroleum Corp (UPL)
Goodrich Petroleum Corp (NYSE: GDP) and Ultra Petroleum Corp (NYSE:UPL) are both small-cap basic materials companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, valuation, institutional ownership, dividends, risk, analyst recommendations and earnings.
Valuation and Earnings
This table compares Goodrich Petroleum Corp and Ultra Petroleum Corp’s top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Goodrich Petroleum Corp||$35.26 million||2.62||$3.11 million||N/A||N/A|
|Ultra Petroleum Corp||$763.81 million||2.18||$551.97 million||N/A||N/A|
Ultra Petroleum Corp has higher revenue and earnings than Goodrich Petroleum Corp.
This is a breakdown of recent ratings and recommmendations for Goodrich Petroleum Corp and Ultra Petroleum Corp, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Goodrich Petroleum Corp||0||0||4||0||3.00|
|Ultra Petroleum Corp||0||0||1||0||3.00|
Goodrich Petroleum Corp presently has a consensus price target of $20.50, suggesting a potential upside of 134.02%. Given Goodrich Petroleum Corp’s higher possible upside, equities analysts plainly believe Goodrich Petroleum Corp is more favorable than Ultra Petroleum Corp.
This table compares Goodrich Petroleum Corp and Ultra Petroleum Corp’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Goodrich Petroleum Corp||-82.49%||N/A||-23.72%|
|Ultra Petroleum Corp||-15.95%||N/A||-9.33%|
Goodrich Petroleum Corp Company Profile
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. It has interests in over 193 producing oil and natural gas wells located in over 43 fields in over eight states of the United States. It has estimated proved reserves of approximately 9.1 million barrels of oil equivalent (MMBoe), consisting of over 31.9 billion cubic feet (Bcf) of natural gas and approximately 3.8 million barrels (MMBbls) of oil and condensate. It also maintains ownership interests in acreage and wells in various other fields, including Longwood field in Caddo Parish, Louisiana and the Garfield Unit in Kalkaska County, Michigan.
Ultra Petroleum Corp Company Profile
Ultra Petroleum Corp. (Ultra) is an oil and gas company. The Company is engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties. Its principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyoming-the Pinedale and Jonah fields, its oil reserves in the Uinta Basin in northeast Utah and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin. The Company conducts its operations in the United States. The Company focuses on sands of the upper Cretaceous Lance Pool in the Pinedale and Jonah fields. The Lance Pool includes sands of the Lance formation at depths between approximately 8,000 and 12,000 feet and the Mesaverde formation at depths between approximately 12,000 and 14,000 feet. As of December 31, 2016, the Company owned oil and natural gas leases totaling approximately 105,000 gross (69,000 net) acres in southwest Wyoming’s Green River Basin.
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