Last $10.63 USD
Change Today +0.34 / 3.30%
Volume 2.0M
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

goodrich petroleum corp (GDP) Snapshot

Open
$10.70
Previous Close
$10.29
Day High
$11.48
Day Low
$10.39
52 Week High
06/2/14 - $30.52
52 Week Low
11/4/14 - $7.01
Market Cap
472.3M
Average Volume 10 Days
1.3M
EPS TTM
$-2.59
Shares Outstanding
44.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GOODRICH PETROLEUM CORP (GDP)

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goodrich petroleum corp (GDP) Details

Goodrich Petroleum Corporation, an independent oil and natural gas company, is engaged in the exploration, development, and production of oil and natural gas. The company holds interest in the Eagle Ford Shale Trend located in South Texas; the Haynesville Shale and Cotton Valley Taylor Sand in northwest Louisiana and East Texas; and the Tuscaloosa Marine Shale located in southwest Mississippi and southeast Louisiana. It owns working interests in 436 producing oil and natural gas wells located in 44 fields in 8 states. As of December 31, 2013, the company had estimated proved reserves of approximately 452.2 billion cubic feet equivalent of natural gas, 6.3 million barrels of crude oil or other liquid hydrocarbons (MMBbls) of natural gas liquids, and 14.1 MMBbls of oil and condensate. Goodrich Petroleum Corporation was founded in 1995 and is headquartered in Houston, Texas.

103 Employees
Last Reported Date: 02/21/14
Founded in 1995

goodrich petroleum corp (GDP) Top Compensated Officers

Executive Vice Chairman, Chief Executive Offi...
Total Annual Compensation: $478.4K
President, Chief Operating Officer and Execut...
Total Annual Compensation: $452.4K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $291.2K
Executive Vice President
Total Annual Compensation: $353.6K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $286.0K
Compensation as of Fiscal Year 2013.

goodrich petroleum corp (GDP) Key Developments

Goodrich Petroleum Corporation Declares Quarterly Preferred Dividends, Payable on December 15, 2014

The board of directors of Goodrich Petroleum Corporation has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock, a quarterly cash dividend of $0.625 per depositary share on its 10.00% Series C Cumulative Preferred Stock, and a quarterly cash dividend of $0.609375 per depositary share on its 9.75% Series D Cumulative Preferred Stock. Each of the dividends will be paid on December 15, 2014 to stockholders of record as of December 1, 2014.

Goodrich Petroleum Corp. Presents at Jefferies 2014 Global Energy Conference, Nov-11-2014 09:00 AM

Goodrich Petroleum Corp. Presents at Jefferies 2014 Global Energy Conference, Nov-11-2014 09:00 AM. Venue: St Regis Hotel, 1919 Briar Oaks Lane, Houston, Texas, United States. Speakers: Daniel E. Jenkins, Director of Corporate Planning & Investor Relations, Jan L. Schott, Chief Financial Officer and Senior Vice President, Walter G. Goodrich, Executive Vice Chairman, Chief Executive Officer, Non-Independent Member of Executive Committee and Member of Hedging Committee.

Goodrich Petroleum Corp. Reports Unaudited Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditures Guidance for the Fourth Quarter of 2014 and Full Year 2014; Reports Impairment for the Third Quarter of 2014

Goodrich Petroleum Corp. reported unaudited earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $54,874,000 compared to $57,161,000 a year ago. Operating loss was $87,420,000 compared to $854,000 a year ago. Loss before income taxes was $79,711,000 compared to $27,085,000 a year ago. Net loss applicable to common stock was $87,142,000 or $1.96 per basic and diluted share compared to $32,790,000 or $0.89 per basic and diluted share a year ago. Adjusted net loss applicable to common stock was $21,816,000 or $0.49 per basic and diluted share compared to $19,932,000 or $0.54 per basic and diluted share a year ago. Adjusted EBITDAX was $37,080,000 compared to $34,655,000 a year ago. Net cash provided by operating activities was $25,322,000 compared to $4,981,000 a year ago. Capital expenditures totaled $97.2 million in the quarter for drilling and completion costs, leasehold acquisition, and infrastructure capital. Approximately 78% of the quarter's total capital expenditures were spent in the TMS drilling and completing wells and extending existing leasehold for future drilling operations. Net loss applicable to common stock for the quarter was negatively affected by a non-cash impairment charge of $85.3 million on fields in East Texas that the company is selling. For the nine months period, the company reported total revenues of $159,996,000 compared to $152,730,000 a year ago. Operating loss was $93,095,000 compared to $28,188,000 a year ago. Loss before income taxes was $127,309,000 compared to $71,691,000 a year ago. Net loss applicable to common stock was $149,601,000 or $3.37 per basic and diluted share compared to $82,864,000 or $2.26 per basic and diluted share a year ago. Adjusted net loss applicable to common stock was $65,997,000 or $1.49 per basic and diluted share compared to $68,816,000 or $1.87 per basic and diluted share a year ago. Adjusted EBITDAX was $97,581,000 compared to $93,229,000 a year ago. Net cash provided by operating activities was $95,168,000 compared to $40,841,000 a year ago. Capital expenditures totaled $259.5 million. Capital expenditures for the fourth quarter of 2014 are expected to be $60 million to $75 million, which would have yearly expenditures at the low end of the previously issued guidance range of $325 million to $375 million. For the third quarter of 2014, the company reported natural gas volumes of 3,492,000 compared to 5,456,000 a year ago. MMcfe-total was 6,125,000 compared to 7,698,000 a year ago. Mcfe per day was 66,574,000 compared to 83,676,000 a year ago. For the nine months period, the company reported natural gas volumes of 11,880,000 compared to 14,506,000 a year ago. MMcfe-total was 18,846,000 compared to 20,349,000 a year ago. Mcfe per day was 69,032,000 compared to 74,538,000 a year ago. For the third quarter of 2014, the company reported impairment of $85,339,000 compared to nil a year ago.

 

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Price/Sales 2.2x
Price/Book 2.2x
Price/Cash Flow 7.6x
TEV/Sales NM Not Meaningful
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