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Executive Summary

Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. More Details


Snowflake Analysis

High growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Goodrich Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GDP is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: GDP's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

5.9%

GDP

8.0%

US Oil and Gas

2.8%

US Market


1 Year Return

23.8%

GDP

-31.4%

US Oil and Gas

20.9%

US Market

Return vs Industry: GDP exceeded the US Oil and Gas industry which returned -31.4% over the past year.

Return vs Market: GDP exceeded the US Market which returned 20.7% over the past year.


Shareholder returns

GDPIndustryMarket
7 Day5.9%8.0%2.8%
30 Day22.5%30.3%11.1%
90 Day36.9%6.9%6.5%
1 Year23.8%23.8%-26.8%-31.4%23.6%20.9%
3 Year17.1%17.1%-34.2%-43.2%47.3%37.6%
5 Yearn/a-21.7%-37.1%94.3%72.9%

Long-Term Price Volatility Vs. Market

How volatile is Goodrich Petroleum's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Goodrich Petroleum undervalued compared to its fair value and its price relative to the market?

31.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GDP ($12.16) is trading below our estimate of fair value ($17.76)

Significantly Below Fair Value: GDP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GDP is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: GDP is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GDP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GDP is overvalued based on its PB Ratio (3x) compared to the US Oil and Gas industry average (1x).


Next Steps

Future Growth

How is Goodrich Petroleum forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

114.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GDP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: GDP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GDP's is expected to become profitable in the next 3 years.

Revenue vs Market: GDP's revenue (26.5% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: GDP's revenue (26.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GDP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Goodrich Petroleum performed over the past 5 years?

76.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GDP is currently unprofitable.

Growing Profit Margin: GDP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GDP is unprofitable, but has reduced losses over the past 5 years at a rate of 76% per year.

Accelerating Growth: Unable to compare GDP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GDP is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-29.6%).


Return on Equity

High ROE: GDP has a negative Return on Equity (-71.61%), as it is currently unprofitable.


Next Steps

Financial Health

How is Goodrich Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: GDP's short term assets ($13.0M) do not cover its short term liabilities ($47.3M).

Long Term Liabilities: GDP's short term assets ($13.0M) do not cover its long term liabilities ($121.2M).


Debt to Equity History and Analysis

Debt Level: GDP's debt to equity ratio (210.5%) is considered high.

Reducing Debt: GDP had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if GDP has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GDP has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Goodrich Petroleum current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GDP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GDP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GDP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GDP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GDP's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.8yrs

Average management tenure


CEO

Gil Goodrich (62 yo)

25.25yrs

Tenure

US$1,185,158

Compensation

Mr. Walter G. Goodrich, also known as Gil, serves as Chief Executive Officer of Goodrich Petroleum Company, LLC since 1995. Mr. Goodrich has been the Chief Executive Officer of Goodrich Petroleum Corporati...


CEO Compensation Analysis

Compensation vs Market: Gil's total compensation ($USD1.19M) is about average for companies of similar size in the US market ($USD1.10M).

Compensation vs Earnings: Gil's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Walter Goodrich
Chairman & CEO25.25yrsUS$1.19m4.11%
$ 6.3m
Robert Turnham
President13.92yrsUS$1.19m4.02%
$ 6.2m
Robert Barker
Senior VP3.75yrsUS$508.42k0.28%
$ 423.4k
Leslee Ranly
Vice President of Human Resources & Administration14.17yrsno datano data
Michael Killelea
Executive VP11.83yrsUS$1.47m1.08%
$ 1.7m
Michael Huggins
Vice President of Marketing & Assistant General Counsel2.75yrsno datano data
Thomas Nemec
Senior Vice President of Operations12.83yrsno datano data
Clarke Denney
Senior Vice President of Drilling8.83yrsno datano data
Timothy Lane
Senior Vice President of Land & Planning Administrationno datano datano data
Rusty Mondelli
Vice President of Information Technology13.25yrsno datano data

12.8yrs

Average Tenure

62yo

Average Age

Experienced Management: GDP's management team is seasoned and experienced (12.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Walter Goodrich
Chairman & CEO25.25yrsUS$1.19m4.11%
$ 6.3m
Robert Turnham
President13.92yrsUS$1.19m4.02%
$ 6.2m
Timothy Leuliette
Lead Independent Directorno dataUS$230.25k0.28%
$ 427.7k
Jeffrey Serota
Independent Director1.25yrsUS$197.92k0.022%
$ 34.2k
Thomas Souers
Independent Director4.08yrsUS$217.75k0.28%
$ 427.7k
Kenneth Leight
Independent Director4.08yrsUS$222.50k0.30%
$ 458.0k
Ronald Coleman
Independent Director4.08yrsUS$203.75k0.43%
$ 658.7k
Edward Sondey
Independent Director1.25yrsUS$198.67k0.022%
$ 34.2k

4.1yrs

Average Tenure

63yo

Average Age

Experienced Board: GDP's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


Top Shareholders

Company Information

Goodrich Petroleum Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Goodrich Petroleum Corporation
  • Ticker: GDP
  • Exchange: AMEX
  • Founded: 1995
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$153.412m
  • Shares outstanding: 12.62m
  • Website: https://www.goodrichpetroleum.com

Number of Employees


Location

  • Goodrich Petroleum Corporation
  • 801 Louisiana Street
  • Suite 700
  • Houston
  • Texas
  • 77002
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GDPAMEX (NYSE MKT LLC)YesNew Common StockUSUSDDec 2016

Biography

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 S...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 23:04
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.