Walthausen & Co. LLC increased its stake in Goodrich Petroleum Corp (NYSEAMERICAN:GDP) by 7.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 94,150 shares of the company’s stock after purchasing an additional 6,500 shares during the quarter. Walthausen & Co. LLC owned approximately 0.76% of Goodrich Petroleum worth $945,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. State Street Corp lifted its holdings in Goodrich Petroleum by 3.4% in the 4th quarter. State Street Corp now owns 148,696 shares of the company’s stock worth $1,493,000 after purchasing an additional 4,921 shares during the last quarter. UBS Group AG lifted its holdings in shares of Goodrich Petroleum by 43.5% during the fourth quarter. UBS Group AG now owns 12,614 shares of the company’s stock worth $127,000 after buying an additional 3,822 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Goodrich Petroleum by 102.9% during the fourth quarter. Barclays PLC now owns 9,087 shares of the company’s stock worth $91,000 after buying an additional 4,609 shares during the last quarter.
A number of brokerages have recently commented on GDP. Capital One Financial upgraded Goodrich Petroleum from an “equal weight” rating to an “overweight” rating in a report on Monday, March 16th. SunTrust Banks cut their price target on Goodrich Petroleum from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Roth Capital lowered Goodrich Petroleum to a “hold” rating in a report on Friday, March 13th. Finally, Zacks Investment Research upgraded Goodrich Petroleum from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $13.38.
Goodrich Petroleum (NYSEAMERICAN:GDP) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $33.59 million for the quarter, compared to the consensus estimate of $31.88 million.
Goodrich Petroleum Company Profile
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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