Goodrich Petroleum Corp (NYSEAMERICAN:GDP) – SunTrust Banks increased their FY2018 earnings estimates for shares of Goodrich Petroleum in a note issued to investors on Tuesday, November 27th. SunTrust Banks analyst N. Dingmann now forecasts that the company will earn ($0.03) per share for the year, up from their prior forecast of ($0.05). SunTrust Banks also issued estimates for Goodrich Petroleum’s FY2019 earnings at $1.97 EPS.
Goodrich Petroleum (NYSEAMERICAN:GDP) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.09). The business had revenue of $24.33 million during the quarter, compared to analysts’ expectations of $24.15 million.
A number of other brokerages have also recently issued reports on GDP. Zacks Investment Research raised Goodrich Petroleum from a “strong sell” rating to a “hold” rating in a report on Monday, October 22nd. Ifs Securities started coverage on Goodrich Petroleum in a research note on Monday, October 29th. They set an “outperform” rating for the company.
Shares of GDP stock opened at $14.51 on Friday. Goodrich Petroleum has a 52-week low of $9.50 and a 52-week high of $15.75.
A number of hedge funds have recently bought and sold shares of GDP. Schwab Charles Investment Management Inc. bought a new stake in shares of Goodrich Petroleum during the 2nd quarter valued at $205,000. Raymond James & Associates bought a new stake in shares of Goodrich Petroleum during the 2nd quarter valued at $217,000. Bank of New York Mellon Corp bought a new stake in shares of Goodrich Petroleum during the 2nd quarter valued at $232,000. MYDA Advisors LLC bought a new stake in shares of Goodrich Petroleum during the 2nd quarter valued at $247,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Goodrich Petroleum during the 2nd quarter valued at $272,000.
Goodrich Petroleum Company 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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