Goodrich Petroleum Corp (GDP) Getting Somewhat Favorable News Coverage, Study Shows
Media headlines about Goodrich Petroleum Corp (NYSE:GDP) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Goodrich Petroleum Corp earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the oil and natural gas company an impact score of 46.6395629293012 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of brokerages have issued reports on GDP. Zacks Investment Research cut Goodrich Petroleum Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Capital One Financial Corporation began coverage on Goodrich Petroleum Corp in a research note on Tuesday, July 11th. They set an “overweight” rating for the company. Finally, Northland Securities began coverage on Goodrich Petroleum Corp in a research note on Wednesday, June 28th. They issued an “outperform” rating and a $21.00 price target for the company. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Goodrich Petroleum Corp presently has a consensus rating of “Buy” and an average target price of $20.50.
Goodrich Petroleum Corp (GDP) traded up 0.34% on Friday, hitting $8.73. The stock had a trading volume of 37,236 shares. Goodrich Petroleum Corp has a 52-week low of $8.26 and a 52-week high of $16.85. The company has a 50-day moving average price of $11.47 and a 200 day moving average price of $13.08. The firm has a market cap of $92.00 million and a PE ratio of 4.95.
Goodrich Petroleum Corp (NYSE:GDP) last released its quarterly earnings data on Friday, August 4th. The oil and natural gas company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.08. The company had revenue of $12.50 million during the quarter, compared to analyst estimates of $10.70 million. The business’s revenue was down 42.9% compared to the same quarter last year. Equities analysts forecast that Goodrich Petroleum Corp will post ($0.66) earnings per share for the current fiscal year.
In other Goodrich Petroleum Corp news, VP Robert T. Barker sold 3,072 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $12.20, for a total value of $37,478.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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About Goodrich Petroleum Corp
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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