BlackRock Inc. bought a new stake in shares of Goodrich Petroleum Corp (NYSEAMERICAN:GDP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 414,426 shares of the company’s stock, valued at approximately $5,126,000. BlackRock Inc. owned 3.59% of Goodrich Petroleum as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. acquired a new stake in shares of Goodrich Petroleum during the 2nd quarter valued at $205,000. Bank of New York Mellon Corp acquired a new stake in shares of Goodrich Petroleum during the 2nd quarter valued at $232,000. NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Goodrich Petroleum during the 2nd quarter valued at $272,000. Spark Investment Management LLC boosted its stake in shares of Goodrich Petroleum by 130.0% during the 2nd quarter. Spark Investment Management LLC now owns 23,000 shares of the company’s stock valued at $284,000 after buying an additional 13,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Goodrich Petroleum by 147.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 48,645 shares of the company’s stock valued at $534,000 after buying an additional 28,984 shares during the period.
GDP stock opened at $13.70 on Friday. Goodrich Petroleum Corp has a 1 year low of $9.50 and a 1 year high of $15.75.
Goodrich Petroleum (NYSEAMERICAN:GDP) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). The company had revenue of $24.33 million for the quarter, compared to analyst estimates of $24.15 million.
GDP has been the subject of several analyst reports. Zacks Investment Research lowered shares of Goodrich Petroleum from a “hold” rating to a “strong sell” rating in a research note on Friday, September 28th. Ifs Securities initiated coverage on shares of Goodrich Petroleum in a research note on Monday, October 29th. They issued an “outperform” rating for the company.
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Goodrich Petroleum Profile
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.
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