Goodrich Petroleum Corp. (GDP) Stock Forecast & Predictions

Goodrich Petroleum Corp. GDP: $9.95

801 Louisiana St Ste 700, Houston, Texas, US. | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NYSE MKT LLC | Web: http://goodrichpetroleumcorp.investorroom.com/

  • Market Cap$0.13B
  • Change (52 Weeks)67.79%
  • Low (52 Weeks)$5.79
  • Goodrich Petroleum Corp. (GDP) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 18.75% are on Buy, 31.25% on Sell, and 50.00% Neutral.

    According to the market data, Goodrich Petroleum Corp. (GDP) stock price is $9.95 and the 52 weeks low is $5.79, which means the Goodrich Petroleum Corp. stock price is up 67.79% in the last 12 months.

    Goodrich Petroleum Corp. (GDP) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 18.75% are indicating that GDP Stock price might rise further, 31.25% indicating that GDP Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall GDP stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Goodrich Petroleum Corp. (GDP) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Goodrich Petroleum Corp. (GDP) is based on 9 Institutional Analyst Ratings where 77.78% are on Strong Buy, 11.11% on Moderate Buy, 11.11% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 9 Institutional Analysts, majority recommended GDP stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Goodrich Petroleum Corp..

    Goodrich Petroleum Corp. (GDP) Stock Price Prediction By Analysts


    HighLowAverage
    $18.38$13.13$15.38
    $15.3854.62% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for GDP set by the institutional analysts is $15.38 where High Estimate is $18.38, Median $15.3 and Low $13.13.

    The average price target for GDP by Institutional Analysts is $15.38, which is 54.62% Upside from the current price. So according to the Institutional Analysts, GDP Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Goodrich Petroleum Corp. (GDP) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 384,627 investor portfolio.

    Our algorithm has analysed 384,627 investor portfolio with GDP stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about GDP and holding their positions hoping for a further rise in the stock price and more profit.

    Goodrich Petroleum Corp. (GDP) Stock Forecast Based on News Sentiment


    Bullish
    Based on 2 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about GDP, it shows that Goodrich Petroleum Corp. had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that GDP stock price may surge in the next few weeks.

    Goodrich Petroleum Corp. (GDP) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Roth CapitalBuyMaintained
    SunTrust Robinson HumphreyBuyMaintained
    B. RileyBuyInitiated
    BairdOutperformMaintained
    Northland SecuritiesOutperformInitiated
    Stifel NicolausSellDowngraded
    FBR CapitalMarket PerformDowngraded
    FBR CapitalMarket PerformDowngraded
    Imperial CapitalIn-LineDowngraded
    SunTrust Robinson HumphreyBuyMaintained
    KLR GroupSellDowngraded
    Cowen & Co.Market PerformDowngraded
    Canaccord GenuityHoldDowngraded
    JP MorganUnderweightDowngraded
    Imperial CapitalOutperformMaintained
    Seaport GlobalSellDowngraded
    KeyBancHoldDowngraded
    iBERIA Capital PartnersSector PerformDowngraded
    Raymond JamesOutperformDowngraded
    Canaccord GenuityBuyMaintained
    Stifel NicolausHoldDowngraded
    KLR GroupBuyUpgraded
    KeyBancBuyMaintained
    MacquarieNeutralUpgraded
    KLR GroupAccumulateUpgraded
    Raymond JamesStrong BuyUpgraded
    Scotia Howard WeilSector OutperformMaintained
    Canaccord GenuityBuyMaintained
    Canaccord GenuityBuyMaintained
    KeyBancBuyMaintained
    KLR GroupHoldDowngraded
    Imperial CapitalOutperformUpgraded
    Canaccord GenuityBuyMaintained
    Imperial CapitalIn-LineMaintained
    Imperial CapitalIn-LineMaintained
    KeyBancBuyUpgraded
    KLR GroupBuyUpgraded
    Deutsche BankBuyMaintained
    KLR GroupAccumulateUpgraded
    Imperial CapitalIn-LineMaintained
    Deutsche BankBuyMaintained
    Imperial CapitalIn-LineInitiated
    Goldman SachsNeutralInitiated
    KLR GroupHoldDowngraded
    Canaccord GenuityBuyMaintained
    McNicoll Lewis VlakBuyMaintained
    SunTrust Robinson HumphreyBuyInitiated
    Canaccord GenuityBuyInitiated
    KLR GroupInitiated
    Raymond JamesOutperformUpgraded
    McNicoll Lewis VlakBuyMaintained
    KLR GroupBuyUpgraded
    BMO CapitalOutperformMaintained
    BMO CapitalOutperformUpgraded
    JefferiesHoldMaintained
    Canaccord GenuityBuyMaintained
    JP MorganOverweightMaintained
    JP MorganOverweightMaintained
    JP MorganOverweightMaintained
    Deutsche BankBuyMaintained
    Deutsche BankBuyMaintained
    JefferiesHoldMaintained
    Deutsche BankBuyInitiated
    Stifel NicolausBuyMaintained
    Global Hunter SecuritiesBuyUpgraded
    Rodman & RenshawMarket OutperformMaintained

    Goodrich Petroleum Corp. (GDP) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.585
    The average consensus EPS for GDP is $0.585 with a high estimate of $0.713 and Low of $0.460 for the period 2021-06-30 and based on 5 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.05$-0.0553482020-09-30


    The latest average Earning Per Share Estimate for Goodrich Petroleum Corp. is $0.58, which is higher than GDP's last EPS, $-0.05. This means that Analysts are expecting Goodrich Petroleum Corp. to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Goodrich Petroleum Corp..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $-0.05$-0.0553482020-09-30
    $-0.57$-0.26436752020-06-30
    $-0.3$-0.0672662020-03-31
    $-0.04$0.07903252019-12-31
    $0.3$0.416122019-09-30
    $0.2$0.260580000000000032019-06-30
    $0.03$0.263509000000000052019-03-31
    $0.61$0.469043999999999962018-12-31
    $0.1$0.25252018-09-30
    $-0.21$0.015152018-06-30
    $-0.47$-0.0145843999999999992018-03-31
    $-0.26$-0.09092017-12-31
    $0.05$-0.05626712017-09-30
    $-0.13$-0.21041332017-06-30
    $-0.6$-0.01346332017-03-31
    $0.93$-0.207049999999999982015-12-31
    $-0.44$-0.197962015-09-30
    $-0.33$-0.28970842015-06-30
    $-0.38$-0.51846332015-03-31
    $-0.47$-0.449452014-12-31
    $-0.49$-0.41456462014-09-30
    $-0.48$-0.459297499999999972014-06-30
    $-0.54$-0.44664222014-03-31
    $-0.57$-0.4805582013-12-31
    $-0.54$-0.69778880000000012013-09-30
    $-0.63$-0.65130862013-06-30
    $-0.76$-0.488334999999999962013-03-31
    $-0.19$-0.08132522012-12-31
    $-0.23$-0.05234832012-09-30
    $-0.21$-0.14662172012-06-30
    $-0.28$-0.19478862012-03-31
    $-0.38$-0.21656422011-12-31
    $-0.16$-0.05685292011-09-30
    $-0.13$-0.070013200000000012011-06-30
    $-0.21$-0.11477642011-03-31
    $-0.2$-0.268225699999999962010-12-31
    $-0.33$-0.38237592010-09-30
    $-0.44$-0.50935312010-06-30
    $-0.56$-0.27901252010-03-31
    $-0.45$-0.22326052009-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).