$33.76 Million in Sales Expected for Goodrich Petroleum Corporation (NASDAQ:GDP) This Quarter

Equities research analysts expect that Goodrich Petroleum Corporation (NASDAQ:GDP) will announce sales of $33.76 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Goodrich Petroleum’s earnings. The lowest sales estimate is $31.60 million and the highest is $35.94 million. Goodrich Petroleum reported sales of $33.91 million during the same quarter last year, which indicates a negative year over year growth rate of 0.4%. The company is scheduled to report its next earnings report on Tuesday, March 3rd.

On average, analysts expect that Goodrich Petroleum will report full-year sales of $123.92 million for the current year, with estimates ranging from $119.80 million to $132.16 million. For the next year, analysts forecast that the firm will report sales of $144.39 million, with estimates ranging from $133.90 million to $156.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Goodrich Petroleum.

Goodrich Petroleum (NASDAQ:GDP) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The company had revenue of $27.17 million for the quarter, compared to analyst estimates of $33.55 million.

Separately, Seaport Global Securities reaffirmed a “buy” rating on shares of Goodrich Petroleum in a research note on Thursday, October 10th.

GDP traded up $0.11 during trading on Friday, reaching $9.93. 29,600 shares of the company’s stock were exchanged, compared to its average volume of 18,989. Goodrich Petroleum has a one year low of $8.70 and a one year high of $15.24. The stock has a fifty day moving average price of $9.64.

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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