Seaport Global Securities Weighs in on Goodrich Petroleum Corp’s Q1 2020 Earnings (NYSEAMERICAN:GDP)

Goodrich Petroleum Corp (NYSEAMERICAN:GDP) – Equities researchers at Seaport Global Securities issued their Q1 2020 EPS estimates for Goodrich Petroleum in a report issued on Monday, January 28th, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly forecasts that the company will earn $1.07 per share for the quarter. Seaport Global Securities also issued estimates for Goodrich Petroleum’s Q2 2020 earnings at $0.58 EPS, Q3 2020 earnings at $0.76 EPS and Q4 2020 earnings at $0.89 EPS.

A number of other equities analysts have also weighed in on the stock. Capital One Financial lowered shares of Goodrich Petroleum from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Zacks Investment Research raised shares of Goodrich Petroleum from a “strong sell” rating to a “hold” rating in a research report on Monday, October 22nd. Finally, Ifs Securities initiated coverage on shares of Goodrich Petroleum in a research report on Monday, October 29th. They issued an “outperform” rating for the company.

Shares of NYSEAMERICAN GDP opened at $13.03 on Wednesday. Goodrich Petroleum has a 12-month low of $9.92 and a 12-month high of $15.75.

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of 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. Dimensional Fund Advisors LP increased its position in shares of Goodrich Petroleum by 15.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 122,104 shares of the company’s stock worth $1,648,000 after acquiring an additional 16,625 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Goodrich Petroleum by 2.9% in the fourth quarter. Northern Trust Corp now owns 87,784 shares of the company’s stock valued at $1,185,000 after purchasing an additional 2,467 shares during the period. Citigroup Inc. boosted its stake in shares of Goodrich Petroleum by 98.0% in the fourth quarter. Citigroup Inc. now owns 5,670 shares of the company’s stock valued at $77,000 after purchasing an additional 2,807 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Goodrich Petroleum by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 25,617 shares of the company’s stock valued at $346,000 after purchasing an additional 902 shares during the period.

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

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