Seaport Global Securities Research Analysts Decrease Earnings Estimates for Goodrich Petroleum Co. (GDP)
Goodrich Petroleum Co. (NYSEAMERICAN:GDP) – Equities research analysts at Seaport Global Securities dropped their FY2018 earnings per share estimates for Goodrich Petroleum in a research report issued on Wednesday, April 25th. Seaport Global Securities analyst M. Kelly now anticipates that the company will earn $1.05 per share for the year, down from their prior forecast of $1.07.
Goodrich Petroleum (NYSEAMERICAN:GDP) last released its quarterly earnings results on Thursday, March 1st. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The firm had revenue of $11.06 million during the quarter, compared to analyst estimates of $11.92 million.
In related news, major shareholder Gen Iv Investment Opportunitie acquired 69,519 shares of Goodrich Petroleum stock in a transaction dated Thursday, March 29th. The shares were acquired at an average cost of $10.75 per share, for a total transaction of $747,329.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Franklin Resources Inc sold 25,953 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $10.76, for a total value of $279,254.28. The disclosure for this sale can be found here.
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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