Analysts Expect Goodrich Petroleum Corporation (NASDAQ:GDP) Will Announce Earnings of $0.28 Per Share

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Equities research analysts predict that Goodrich Petroleum Corporation (NASDAQ:GDP) will report earnings per share of $0.28 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Goodrich Petroleum’s earnings, with estimates ranging from $0.20 to $0.45. Goodrich Petroleum posted earnings per share of $0.58 during the same quarter last year, which would suggest a negative year over year growth rate of 51.7%. The business is scheduled to announce its next quarterly earnings report on Tuesday, March 3rd.

On average, analysts expect that Goodrich Petroleum will report full year earnings of $0.82 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.94. For the next year, analysts forecast that the business will post earnings of $0.85 per share, with EPS estimates ranging from $0.61 to $1.14. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Goodrich Petroleum.

Goodrich Petroleum (NASDAQ:GDP) last issued its earnings results on Thursday, November 7th. The company reported $0.14 EPS for the quarter, missing the Zacks’ 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 reissued a “buy” rating on shares of Goodrich Petroleum in a report on Thursday, October 10th.

GDP stock traded down $0.05 during mid-day trading on Friday, hitting $8.51. 15 shares of the company were exchanged, compared to its average volume of 9,405. Goodrich Petroleum has a twelve month low of $8.33 and a twelve month high of $15.24. The stock’s fifty day moving average is $9.70.

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.

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