Schneider Capital Management Corp Purchases New Position in Goodrich Petroleum Corp (GDP)

Schneider Capital Management Corp purchased a new position in shares of Goodrich Petroleum Corp (NYSE:GDP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 22,528 shares of the oil and natural gas company’s stock, valued at approximately $274,000. Schneider Capital Management Corp owned about 0.21% of Goodrich Petroleum Corp as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in Goodrich Petroleum Corp in the 2nd quarter worth approximately $2,941,000. FMR LLC bought a new position in Goodrich Petroleum Corp in the 2nd quarter worth approximately $2,739,000. Penn Capital Management Co. Inc. bought a new position in Goodrich Petroleum Corp in the 2nd quarter worth approximately $1,701,000. Ameriprise Financial Inc. bought a new position in Goodrich Petroleum Corp in the 2nd quarter worth approximately $1,387,000. Finally, Parkwood LLC boosted its holdings in Goodrich Petroleum Corp by 89.9% in the 2nd quarter. Parkwood LLC now owns 85,471 shares of the oil and natural gas company’s stock worth $1,039,000 after buying an additional 40,471 shares during the period.

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Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Goodrich Petroleum Corp from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Northland Securities assumed coverage on shares of Goodrich Petroleum Corp in a report on Wednesday, June 28th. They issued an “outperform” rating and a $21.00 price objective for the company. EuroPacific Canada assumed coverage on shares of Goodrich Petroleum Corp in a report on Tuesday, October 3rd. They issued a “buy” rating and a $16.00 price objective for the company. Capital One Financial Corporation assumed coverage on shares of Goodrich Petroleum Corp in a report on Tuesday, July 11th. They issued an “overweight” rating for the company. Finally, Eurobank EFG assumed coverage on shares of Goodrich Petroleum Corp in a report on Tuesday, October 3rd. They issued a “buy” rating and a $16.00 price objective for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $16.80.

Goodrich Petroleum Corp (NYSE GDP) traded down 1.907% on Friday, reaching $9.515. 15,153 shares of the company traded hands. The stock’s 50-day moving average is $10.37 and its 200-day moving average is $12.74. Goodrich Petroleum Corp has a 1-year low of $8.20 and a 1-year high of $17.25. The stock has a market capitalization of $100.27 million and a price-to-earnings ratio of 5.397.

Goodrich Petroleum Corp (NYSE:GDP) last posted its quarterly earnings results on Friday, August 4th. The oil and natural gas company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.08. The firm had revenue of $12.50 million during the quarter, compared to the consensus estimate of $10.70 million. The company’s quarterly revenue was down 42.9% compared to the same quarter last year. Equities research analysts expect that Goodrich Petroleum Corp will post ($0.77) EPS for the current year.

In other Goodrich Petroleum Corp news, major shareholder Franklin Resources Inc sold 2,689 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $9.66, for a total value of $25,975.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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.

Institutional Ownership by Quarter for Goodrich Petroleum Corp (NYSE:GDP)

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