Zacks: Analysts Expect Goodrich Petroleum Corporation (GDP) Will Announce Quarterly Sales of $32.86 Million

Equities research analysts predict that Goodrich Petroleum Corporation (NASDAQ:GDP) will announce sales of $32.86 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Goodrich Petroleum’s earnings. The lowest sales estimate is $31.00 million and the highest is $35.00 million. Goodrich Petroleum posted sales of $11.06 million during the same quarter last year, which suggests a positive year-over-year growth rate of 197.1%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, March 5th.

On average, analysts expect that Goodrich Petroleum will report full-year sales of $86.74 million for the current fiscal year, with estimates ranging from $84.00 million to $89.10 million. For the next financial year, analysts forecast that the business will post sales of $147.31 million, with estimates ranging from $140.25 million to $156.20 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Goodrich Petroleum.

Separately, Capital One Financial lowered Goodrich Petroleum from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th.

Shares of GDP stock traded up $0.78 during trading hours on Tuesday, reaching $12.83. The company’s stock had a trading volume of 22,100 shares, compared to its average volume of 22,179. Goodrich Petroleum has a one year low of $9.92 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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