Goodrich Petroleum Co. (GDP) Expected to Earn Q1 2018 Earnings of ($0.03) Per Share
Goodrich Petroleum Co. (NYSEAMERICAN:GDP) – Equities research analysts at Capital One Financial lifted their Q1 2018 earnings estimates for Goodrich Petroleum in a research note issued on Thursday, April 12th. Capital One Financial analyst P. Johnston now forecasts that the company will earn ($0.03) per share for the quarter, up from their previous forecast of ($0.07). Capital One Financial also issued estimates for Goodrich Petroleum’s FY2018 earnings at $0.84 EPS.
Shares of NYSEAMERICAN GDP opened at $12.23 on Monday. Goodrich Petroleum has a twelve month low of $8.20 and a twelve month high of $15.45.
In other Goodrich Petroleum news, major shareholder Franklin Resources Inc sold 655,660 shares of Goodrich Petroleum stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $10.75, for a total value of $7,048,345.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Gen Iv Investment Opportunitie purchased 69,519 shares of the firm’s stock in a transaction on Thursday, March 29th. The stock was bought at an average cost of $10.75 per share, with a total value of $747,329.25. The disclosure for this purchase can be found here.
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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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