$0.29 EPS Expected for Goodrich Petroleum Corporation (NASDAQ:GDP) This Quarter

Wall Street analysts expect Goodrich Petroleum Corporation (NASDAQ:GDP) to post earnings per share of $0.29 for the current quarter, according to Zacks. Four analysts have issued estimates for Goodrich Petroleum’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.18. Goodrich Petroleum posted earnings of $0.58 per share in the same quarter last year, which suggests a negative year over year growth rate of 50%. The firm is expected to announce its next earnings report on Tuesday, March 3rd.

According to Zacks, analysts expect that Goodrich Petroleum will report full-year earnings of $0.81 per share for the current financial year, with EPS estimates ranging from $0.68 to $0.94. For the next financial year, analysts expect that the company will post earnings of $0.91 per share, with EPS estimates ranging from $0.42 to $1.32. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Goodrich Petroleum.

Goodrich Petroleum (NASDAQ:GDP) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $27.17 million for the quarter, compared to analyst estimates of $33.55 million.

Separately, Seaport Global Securities reaffirmed a “buy” rating on shares of Goodrich Petroleum in a research report on Thursday, October 10th.

Shares of GDP stock traded up $0.11 during trading hours on Wednesday, hitting $9.93. 29,600 shares of the company were exchanged, compared to its average volume of 18,989. Goodrich Petroleum has a one year low of $8.70 and a one year high of $15.24. The firm has a 50-day moving average price of $9.64.

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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