Somewhat Critical Press Coverage Very Likely to Affect Goodrich Petroleum Corp (NYSE:GDP) Stock Price
News coverage about Goodrich Petroleum Corp (NYSE:GDP) has trended somewhat negative this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Goodrich Petroleum Corp earned a news sentiment score of -0.20 on Accern’s scale. Accern also gave news coverage about the oil and natural gas company an impact score of 83 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Goodrich Petroleum Corp (NYSE:GDP) Posts Earnings Results, Beats Estimates By $0.08 EPS (americanbankingnews.com)
- Goodrich Petroleum Corp. (GDP) Sees The Tape Move Mid-Market – Stock Press Daily (stockpressdaily.com)
- Goodrich Petroleum Corp. (GDP) Under the Watchful Eye of Investors – Sparta Review (spartareview.com)
- Turning Attention Towards Goodrich Petroleum Corp. (GDP)’s Technicals – Stock Press Daily (stockpressdaily.com)
- Goodrich Petroleum (NYSE:GDP) Forecasted To Publish Quarter End Earnings of -$0.29 Per Stock – Insider Tradings (insidertradings.org)
Several research analysts recently issued reports on GDP shares. Zacks Investment Research lowered shares of Goodrich Petroleum Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Northland Securities started coverage on shares of Goodrich Petroleum Corp in a research report on Wednesday, June 28th. They issued an “outperform” rating and a $21.00 target price for the company. SunTrust Banks, Inc. started coverage on shares of Goodrich Petroleum Corp in a research report on Tuesday, April 11th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Capital One Financial Corporation started coverage on shares of Goodrich Petroleum Corp in a research report on Tuesday, July 11th. They issued an “overweight” rating for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $20.50.
Goodrich Petroleum Corp (GDP) traded down 0.84% during mid-day trading on Friday, reaching $11.75. 50,181 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $12.74 and a 200-day moving average price of $13.58. The stock has a market capitalization of $107.02 million and a PE ratio of 11.47. Goodrich Petroleum Corp has a 12-month low of $10.05 and a 12-month high of $17.25.
Goodrich Petroleum Corp (NYSE:GDP) last issued its earnings results on Friday, August 4th. The oil and natural gas company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.08. The firm had revenue of $12.50 million during the quarter, compared to analyst estimates of $10.70 million. The firm’s revenue for the quarter was down 42.9% compared to the same quarter last year. Equities research analysts expect that Goodrich Petroleum Corp will post ($0.83) EPS for the current year.
In related news, VP Robert T. Barker sold 3,072 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $12.20, for a total value of $37,478.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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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.
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