Somewhat Favorable Media Coverage Extremely Likely to Impact Goodrich Petroleum Corp (NYSE:GDP) Stock Price

Media stories about Goodrich Petroleum Corp (NYSE:GDP) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Goodrich Petroleum Corp earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the oil and natural gas company an impact score of 94 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern’s scoring:

GDP has been the topic of several analyst reports. Capital One Financial Corporation initiated coverage on shares of Goodrich Petroleum Corp in a research report on Tuesday, July 11th. They set an “overweight” rating on the stock. Northland Securities began coverage on shares of Goodrich Petroleum Corp in a research report on Wednesday, June 28th. They issued an “outperform” rating and a $21.00 target price on the stock. Finally, SunTrust Banks, Inc. started coverage on shares of Goodrich Petroleum Corp in a research report on Tuesday, April 11th. They issued a “buy” rating and a $20.00 target price on the stock.

Goodrich Petroleum Corp (NYSE:GDP) opened at 13.00 on Tuesday. Goodrich Petroleum Corp has a 52 week low of $10.05 and a 52 week high of $17.25. The company’s 50-day moving average is $12.55 and its 200-day moving average is $13.52. The company has a market cap of $118.40 million and a P/E ratio of 12.70.

Goodrich Petroleum Corp (NYSE:GDP) last posted its quarterly earnings data on Tuesday, May 9th. The oil and natural gas company reported ($0.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.59. The firm had revenue of $9.41 million for the quarter, compared to analysts’ expectations of $9.89 million. On average, analysts anticipate that Goodrich Petroleum Corp will post ($0.92) EPS for the current fiscal year.

In related news, VP Robert T. Barker sold 3,072 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $12.20, for a total value of $37,478.40. The sale was disclosed in a document filed with the SEC, which is available at this link.

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About Goodrich Petroleum Corp

Goodrich Petroleum Corporation is an independent oil and natural gas company. The Company is engaged in the exploration, development and production of oil and natural gas on properties primarily in Southwest Mississippi and Southeast Louisiana, which includes the Tuscaloosa Marine Shale Trend (TMS); Northwest Louisiana and East Texas, which includes the Haynesville Shale Trend, and South Texas, which includes the Eagle Ford Shale Trend.

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