Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas properties in the United States. 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. The company owns interests in 189 producing oil and natural gas wells located in 37 fields in six states of the United States. As of December 31, 2020, it had estimated proved reserves of approximately 543 billion cubic feet equivalent, which included 540 billion cubic feet of natural gas and 0.5 million barrels of crude oil or other liquid hydrocarbons of oil and condensate. The company was founded in 1995 and is based in Houston, Texas.
IPO Year: 2017
Exchange: AMEX
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/30/2021 | $28.00 → $23.00 | Buy → Neutral | ROTH Capital |
| 11/23/2021 | Overweight → Equal Weight | CapitalOne | |
| 9/8/2021 | $21.00 → $23.00 | Buy → Hold | Truist Securities |
| 9/8/2021 | $21.00 → $23.00 | Buy → Hold | Wells Fargo |
| 9/8/2021 | Buy → Hold | Truist |
AUSTIN, TX / ACCESSWIRE / September 25, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced two key additions to its senior leadership team. Jan L. Schott will join the Company as Senior Vice President and Chief Financial Officer, effective October 14, 2024, and Greg Lucas has been promoted to the role of Vice President and Chief Accounting Officer, effective as of the same date.Ms. Schott brings more than 30 years of global financial, commercial and operational experience to Thermon, with a deep background across the energy verticals. Prior to joining Thermon, Ms. Schott served as Executive Vic
HOUSTON, Dec. 16, 2020 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE American: GDP) (the "Company") today announced that the Company has promoted Kristen M. McWatters, the Company's Controller, to Senior Vice President, Chief Financial Officer and Chief Accounting Officer effective December 17, 2020. Ms. McWatters replaces Robert T. Barker who has served as the Company's Senior Vice President and Chief Financial Officer since January 2017 and is retiring effective December 16, 2020. The Company previously announced Mr. Barker's notice of retirement on September 25, 2020. His decision to retire was based on personal reasons and not the result of any disagreement relating to our ope
HOUSTON, Nov. 4, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE:GDP) (the "Company") today announced financial results for the third quarter ended September 30, 2021. QUARTER HIGHLIGHTS Net loss was $48.0 million in the quarter, or ($3.52) per basic and fully diluted share. The Company incurred a non-cash mark-to-market loss of $64.9 million in the quarter due to the change in fair value of unsettled derivatives not designated as hedges as future prices for natural gas rose during the quarter. Adjusted net income (net income prior to change in fair value of unsettl
HOUSTON, Oct. 21, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE:GDP) (the "Company") today announced that it will hold a conference call on Thursday, November 4, 2021 at 10:00 am central time to discuss third quarter 2021 financial results. To access the conference call, domestic participants should dial as follows: PARTICIPANT DIAL IN (TOLL FREE): 1-888-317-6003 PARTICIPANT INTERNATIONAL DIAL IN: 1-412-317-6061 Canada Toll Free 1-866-284-3684 Participant Elite Entry Number: 0616919 Participants will need this Elite Entry number in order to join the conference.
HOUSTON, Aug. 5, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE:GDP) (the "Company") today announced financial results for the second quarter ended June 30, 2021. QUARTER HIGHLIGHTS Net loss was $11.6 million in the quarter, or ($0.86) per basic and fully diluted share. The Company incurred a non-cash mark-to-market loss of $21.2 million in the quarter due to the change in fair value of unsettled derivatives not designated as hedges. Adjusted net income (net income prior to change in fair value of unsettled derivatives not designated as hedges) was $9.6 million, or
HOUSTON, July 22, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE:GDP) (the "Company") today announced that it will hold a conference call on Thursday, August 5, 2021 at 10:00 am central time to discuss second quarter 2021 financial results. To access the conference call, domestic participants should dial as follows: PARTICIPANT DIAL IN (TOLL FREE): 1-888-317-6003 PARTICIPANT INTERNATIONAL DIAL IN: 1-412-317-6061 Canada Toll Free 1-866-284-3684 Participant Elite Entry Number: 2097763 Participants will need this Elite Entry number in order to join the conference.
ROTH Capital downgraded Goodrich Petroleum from Buy to Neutral and set a new price target of $23.00 from $28.00 previously
CapitalOne downgraded Goodrich Petroleum from Overweight to Equal Weight
Truist Securities downgraded Goodrich Petroleum from Buy to Hold and set a new price target of $23.00 from $21.00 previously
Wells Fargo downgraded Goodrich Petroleum from Buy to Hold and set a new price target of $23.00 from $21.00 previously
Truist downgraded Goodrich Petroleum from Buy to Hold
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AUSTIN, TX / ACCESSWIRE / September 25, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced two key additions to its senior leadership team. Jan L. Schott will join the Company as Senior Vice President and Chief Financial Officer, effective October 14, 2024, and Greg Lucas has been promoted to the role of Vice President and Chief Accounting Officer, effective as of the same date.Ms. Schott brings more than 30 years of global financial, commercial and operational experience to Thermon, with a deep background across the energy verticals. Prior to joining Thermon, Ms. Schott served as Executive Vic
HOUSTON, Nov. 22, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE:GDP) ("Goodrich" or the "Company") today announced that it has entered into a definitive merger agreement pursuant to which a subsidiary of Paloma Partners VI Holdings, LLC ("Paloma" and such subsidiary, "Merger Sub"), an affiliate of EnCap Energy Capital Fund XI L.P. ("EnCap"), will commence a tender offer to acquire all of Goodrich's outstanding common shares for $23.00 per share in cash. The offer price in the transaction, which has been unanimously approved by Goodrich's Board of Directors, repres
HOUSTON, Nov. 4, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE:GDP) (the "Company") today announced financial results for the third quarter ended September 30, 2021. QUARTER HIGHLIGHTS Net loss was $48.0 million in the quarter, or ($3.52) per basic and fully diluted share. The Company incurred a non-cash mark-to-market loss of $64.9 million in the quarter due to the change in fair value of unsettled derivatives not designated as hedges as future prices for natural gas rose during the quarter. Adjusted net income (net income prior to change in fair value of unsettl
HOUSTON, Oct. 21, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE:GDP) (the "Company") today announced that it will hold a conference call on Thursday, November 4, 2021 at 10:00 am central time to discuss third quarter 2021 financial results. To access the conference call, domestic participants should dial as follows: PARTICIPANT DIAL IN (TOLL FREE): 1-888-317-6003 PARTICIPANT INTERNATIONAL DIAL IN: 1-412-317-6061 Canada Toll Free 1-866-284-3684 Participant Elite Entry Number: 0616919 Participants will need this Elite Entry number in order to join the conference.
HOUSTON, Sept. 1, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE:GDP) (the "Company") today announced an acquisition in the core of the Haynesville Shale basin and updated third quarter and fourth quarter of 2021 and preliminary 2022 guidance. ACQUISITION The Company has acquired eight wells producing approximately 2,000 Mcfe per day and approximately 5,800 gross (4,500 net) acres in the core of the Haynesville Shale basin in Caddo and Bossier Parishes, Louisiana for $1.5 million and the obligation to drill eight wells over a four year period. The Company now has a
HOUSTON, Aug. 20, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE:GDP) (the "Company") announced that the equity strike price condition contained in its UCC Warrants (CUSIP # 382410 165) (the "Warrants") was met as of July 14, 2021. Each Warrant entitles the holder thereof to acquire from the Company a number of shares of the Company's Common Stock equal to 0.00001% of the Common Stock Deemed Outstanding at the time of the exercise, on the terms set forth in the Warrant Agreement (the "Warrant Agreement"), dated as of October 12, 2016, by and among the Company and American Stock Transfer & Trust Company, LLC (the "Warrant Agent"). Capitalized terms used but not defined herein shal
HOUSTON, Aug. 5, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE:GDP) (the "Company") today announced financial results for the second quarter ended June 30, 2021. QUARTER HIGHLIGHTS Net loss was $11.6 million in the quarter, or ($0.86) per basic and fully diluted share. The Company incurred a non-cash mark-to-market loss of $21.2 million in the quarter due to the change in fair value of unsettled derivatives not designated as hedges. Adjusted net income (net income prior to change in fair value of unsettled derivatives not designated as hedges) was $9.6 million, or
HOUSTON, July 22, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE:GDP) (the "Company") today announced that it will hold a conference call on Thursday, August 5, 2021 at 10:00 am central time to discuss second quarter 2021 financial results. To access the conference call, domestic participants should dial as follows: PARTICIPANT DIAL IN (TOLL FREE): 1-888-317-6003 PARTICIPANT INTERNATIONAL DIAL IN: 1-412-317-6061 Canada Toll Free 1-866-284-3684 Participant Elite Entry Number: 2097763 Participants will need this Elite Entry number in order to join the conference.
HOUSTON, May 6, 2021 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE:GDP) (the "Company") today announced financial results for the first quarter ended March 31, 2021. QUARTER HIGHLIGHTS Adjusted net income (net income prior to change in fair value of derivatives not designated as hedges) was $7.1 million for the quarter. Net income was $4.5 million in the quarter ($0.34 per basic and $0.30 per fully diluted share). Adjusted EBITDA was $20.3 million in the quarter. Discretionary cash flow ("DCF"), defined as net cash provided by operating activities before changes in wor
DENVER, May 4, 2021 /PRNewswire/ -- Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for The Oil & Gas Conference® which will take place Aug. 15-18, 2021, at the Denver Downtown Westin hotel. The event is EnerCom's 26th annual Denver investment conference. At this year's conference, C-level leadership of top energy companies will present their plans for drilling and completing wells, discuss well results and capital efficiency, and estimate capital expenditures and production for the balance of 2021 and into 2022. "We are excited to bring the energy and investment communitie
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Upgrades Sidoti & Co. upgraded the previous rating for DMC Global Inc (NASDAQ:BOOM) from Neutral to Buy. In the third quarter, DMC Glb showed an EPS of $0.02, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $70.00 and a 52-week-low of $35.50. At the end of the last trading period, DMC Glb closed at $37.04. For MAG Silver Corp (AMEX:MAG), TD Securities upgraded the previous rating of Hold to Buy. MAG Silver earned $0.02 in the third quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.43 and a 52-week-low of $14.15. MAG Silver closed at $16.35 at the end of the last trading period. Daiwa Capital upgraded th
Roth Capital analyst John White downgrades Goodrich Petroleum (AMEX:GDP) from Buy to Neutral and lowers the price target from $28 to $23.
Upgrades Keefe, Bruyette & Woods upgraded the previous rating for CBRE Group Inc (NYSE:CBRE) from Market Perform to Outperform. For the third quarter, CBRE Group had an EPS of $1.39, compared to year-ago quarter EPS of $0.73. The stock has a 52-week-high of $107.88 and a 52-week-low of $57.34. At the end of the last trading period, CBRE Group closed at $99.00. For Calumet Specialty Products Partners LP (NASDAQ:CLMT), Wolfe Research upgraded the previous rating of Peer Perform to Outperform. In the third quarter, Calumet Specialty showed an EPS of $0.64, compared to $0.49 from the year-ago quarter. At the moment, the stock has a 52-week-high of $16.43 and a 52-week-low of $2.96. Calume
Capital One analyst Phillips Johnston downgrades Goodrich Petroleum (AMEX:GDP) from Overweight to Equal-Weight.
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform. Target The Trade: Target Corporation (NYSE:TGT) Executive Officer Christina Hennington disposed a total of 5673 shares at an average price of $250.95. The insider received $1,047,214.35 as a result of the transaction.