Wall Street analysts expect Goodrich Petroleum Corporation (NASDAQ:GDP) to report earnings of $0.29 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Goodrich Petroleum’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.45. Goodrich Petroleum reported earnings of $0.58 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The firm is expected to issue its next quarterly 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 year, with EPS estimates ranging from $0.68 to $0.94. For the next fiscal year, analysts expect that the firm will report earnings of $0.91 per share, with EPS estimates ranging from $0.42 to $1.32. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Goodrich Petroleum.
Goodrich Petroleum (NASDAQ:GDP) last released its earnings results on Thursday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $27.17 million during the quarter, compared to the consensus estimate of $33.55 million.
Separately, Seaport Global Securities reissued a “buy” rating on shares of Goodrich Petroleum in a report on Thursday, October 10th.
Shares of GDP 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 fifty-two week low of $8.70 and a fifty-two week high of $15.24. The business’s fifty day simple moving average is $9.64.
About Goodrich Petroleum
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.
Recommended Story: What is the float in trading stocks?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Goodrich Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goodrich Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.