Street Expectation From Goodrich Petroleum Corporation ($GDP) 2Q20 Earnings?

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Goodrich Petroleum Corporation (AMEX:GDP) an independent oil and natural gas company, is reporting second quarter earnings results on Tuesday 11th August 2020, before market open.

The consensus estimates from Thomson Reuters are loss of $ 0.26 per share.

For the full year, analysts predict revenues of $ 108.95 million, while looking forward to loss of $ 0.36 per share.

Previous Quarter Performance

Goodrich Petroleum Corporation posted income for the first quarter of $ 0.22 per share, from the revenue of $ 22.99 million. The quarterly earnings grew 633.33 percent while revenues down 24.00 percent compared with the same quarter last year.
Wall street analysts are predicting, GDP to report 1Q20 income of $ 0.16 per share from revenue of $ 25.80 million. The bottom line results beat street analysts by $ 0.06 or 37.50 percent, at the same time, top line results fell short of analysts by $ 2.81 million or 10.89 percent.

Historical Earnings Performance
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Click Here For More Historical Earnings Of Goodrich Petroleum Corporation

Stock Performance

According to the previous trading day, closing price of GDP was $ 8.05, representing a 235.42 % increase from the 52 week low of $ 2.40 and a 31.78 % decrease over the 52 week high of $ 11.80.

The company has a market capital of $ 101.95 million and is part of the Energy sector and Oil & Gas E&P industry.

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Conference Call

Goodrich Petroleum Corporation will be hosting a conference call at 11:00 AM eastern time on 11th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.goodrichpetroleum.com

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. The company owns interests in 173 producing oil and natural gas wells located in 37 fields in 7 states of the United States.