B. Riley Comments on Goodrich Petroleum Corp’s Q2 2019 Earnings (GDP)
Goodrich Petroleum Corp (NYSEAMERICAN:GDP) – Equities research analysts at B. Riley issued their Q2 2019 earnings per share estimates for Goodrich Petroleum in a research note issued on Monday, May 20th. B. Riley analyst R. Rashid forecasts that the company will post earnings of $0.04 per share for the quarter. B. Riley currently has a “Buy” rating and a $15.50 price objective on the stock. B. Riley also issued estimates for Goodrich Petroleum’s Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.46 EPS, FY2019 earnings at $0.78 EPS, Q1 2020 earnings at $0.51 EPS, Q2 2020 earnings at $0.50 EPS, Q3 2020 earnings at $0.53 EPS, Q4 2020 earnings at $0.53 EPS and FY2020 earnings at $2.06 EPS.
Goodrich Petroleum (NYSEAMERICAN:GDP) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.13. The company had revenue of $33.91 million for the quarter, compared to analysts’ expectations of $32.86 million.
Shares of Goodrich Petroleum stock opened at $11.95 on Wednesday. Goodrich Petroleum has a 12-month low of $11.60 and a 12-month high of $15.50.
A number of institutional investors have recently modified their holdings of GDP. Walthausen & Co. LLC purchased a new position in Goodrich Petroleum during the 4th quarter valued at $1,183,000. Vanguard Group Inc increased its position in Goodrich Petroleum by 17.8% during the 3rd quarter. Vanguard Group Inc now owns 330,997 shares of the company’s stock valued at $4,647,000 after purchasing an additional 50,118 shares during the period. Vanguard Group Inc. increased its position in Goodrich Petroleum by 17.8% during the 3rd quarter. Vanguard Group Inc. now owns 330,997 shares of the company’s stock valued at $4,647,000 after purchasing an additional 50,118 shares during the period. Dimensional Fund Advisors LP increased its position in Goodrich Petroleum by 66.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 105,479 shares of the company’s stock valued at $1,481,000 after purchasing an additional 41,984 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Goodrich Petroleum by 186.7% during the 1st quarter. Morgan Stanley now owns 46,151 shares of the company’s stock valued at $627,000 after buying an additional 30,056 shares in the last quarter.
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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