Zacks: Analysts Expect Goodrich Petroleum Corporation (GDP) Will Post Quarterly Sales of $30.18 Million

Equities analysts expect that Goodrich Petroleum Corporation (NASDAQ:GDP) will report $30.18 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Goodrich Petroleum’s earnings, with estimates ranging from $27.40 million to $34.00 million. Goodrich Petroleum reported sales of $11.06 million in the same quarter last year, which would suggest a positive year over year growth rate of 172.9%. The business is scheduled to announce its next quarterly earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Goodrich Petroleum will report full-year sales of $84.16 million for the current fiscal year, with estimates ranging from $81.00 million to $89.00 million. For the next financial year, analysts anticipate that the firm will report sales of $158.03 million, with estimates ranging from $147.00 million to $174.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Goodrich Petroleum.

Separately, Ifs Securities restated an “outperform” rating on shares of Goodrich Petroleum in a report on Monday, October 29th.

NASDAQ GDP traded down $0.09 during trading on Monday, hitting $14.42. The company had a trading volume of 22,997 shares, compared to its average volume of 40,545. Goodrich Petroleum has a one year low of $9.50 and a one year high of $15.75.

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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