Goodrich Petroleum Corp (NYSEAMERICAN:GDP) – Equities research analysts at SunTrust Banks raised their Q2 2019 EPS estimates for shares of Goodrich Petroleum in a research note issued to investors on Monday, July 8th. SunTrust Banks analyst W. Fitzpatrick now expects that the company will post earnings of $0.05 per share for the quarter, up from their previous estimate of $0.04. SunTrust Banks also issued estimates for Goodrich Petroleum’s Q1 2020 earnings at $0.12 EPS, Q2 2020 earnings at $0.00 EPS and FY2020 earnings at $0.50 EPS.

Goodrich Petroleum (NYSEAMERICAN:GDP) last released its earnings results on Wednesday, May 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.18). The business had revenue of $29.14 million during the quarter, compared to analysts’ expectations of $29.10 million.

A number of other research analysts have also recently commented on GDP. TheStreet cut Timkensteel from a “c-” rating to a “d+” rating in a research note on Monday, June 17th. Northland Securities reiterated a “buy” rating and issued a $6.00 price target on shares of EMCORE in a research note on Monday, June 10th. B. Riley reiterated a “buy” rating on shares of Goodrich Petroleum in a research note on Monday, May 20th. Finally, Alembic Global Advisors reiterated a “buy” rating on shares of Goodrich Petroleum in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.75.

Shares of GDP opened at $11.39 on Thursday. Goodrich Petroleum has a 52 week low of $10.67 and a 52 week high of $15.50.

Several institutional investors and hedge funds have recently made changes to their positions in GDP. Spark Investment Management LLC lifted its position in shares of Goodrich Petroleum by 86.5% during the 1st quarter. Spark Investment Management LLC now owns 40,702 shares of the company’s stock worth $553,000 after buying an additional 18,880 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Goodrich Petroleum by 4,265.1% in the first quarter. BNP Paribas Arbitrage SA now owns 1,877 shares of the company’s stock worth $26,000 after acquiring an additional 1,834 shares in the last quarter. Walthausen & Co. LLC purchased a new position in Goodrich Petroleum in the fourth quarter worth $1,183,000. Bank of America Corp DE grew its position in Goodrich Petroleum by 63.1% in the fourth quarter. Bank of America Corp DE now owns 7,576 shares of the company’s stock worth $102,000 after acquiring an additional 2,932 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Goodrich Petroleum by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 61,593 shares of the company’s stock worth $831,000 after acquiring an additional 5,536 shares in the last quarter.

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. 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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Earnings History and Estimates for Goodrich Petroleum (NYSEAMERICAN:GDP)

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