Goodrich Petroleum Corporation (NASDAQ:GDP) Expected to Announce Earnings of $0.33 Per Share

Brokerages forecast that Goodrich Petroleum Corporation (NASDAQ:GDP) will report $0.33 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Goodrich Petroleum’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.25. Goodrich Petroleum reported earnings per share of $0.12 during the same quarter last year, which would indicate a positive year-over-year growth rate of 175%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, November 14th.

According to Zacks, analysts expect that Goodrich Petroleum will report full-year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.83 to $0.90. For the next year, analysts anticipate that the business will report earnings of $1.25 per share, with EPS estimates ranging from $0.93 to $1.81. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Goodrich Petroleum.

Goodrich Petroleum (NASDAQ:GDP) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.09. The business had revenue of $31.88 million during the quarter, compared to analyst estimates of $34.46 million.

Separately, Seaport Global Securities reiterated a “buy” rating on shares of Goodrich Petroleum in a report on Thursday.

GDP stock traded down $0.16 during mid-day trading on Friday, reaching $9.31. The company’s stock had a trading volume of 14,310 shares, compared to its average volume of 19,078. Goodrich Petroleum has a fifty-two week low of $9.11 and a fifty-two week high of $15.50.

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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