Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas.
Solid track record with reasonable growth potential.
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's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: GDP exceeded the US Oil and Gas industry which returned -43.3% over the past year.
Return vs Market: GDP underperformed the US Market which returned 5.3% over the past year.
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
1 week ago | Simply Wall StCan Goodrich Petroleum Corporation (NYSEMKT:GDP) Maintain Its Strong Returns?
3 weeks ago | Simply Wall StIs Goodrich Petroleum Corporation (NYSEMKT:GDP) Excessively Paying Its CEO?
1 month ago | Simply Wall StWho Has Been Buying Goodrich Petroleum Corporation (NYSEMKT:GDP) Shares?
Is Goodrich Petroleum undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GDP ($6.89) is trading above our estimate of fair value ($6.34)
Significantly Below Fair Value: GDP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GDP is good value based on its PE Ratio (5.4x) compared to the US Oil and Gas industry average (7.7x).
PE vs Market: GDP is good value based on its PE Ratio (5.4x) compared to the US market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: GDP is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: GDP is overvalued based on its PB Ratio (1x) compared to the US Oil and Gas industry average (0.7x).
How is Goodrich Petroleum forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GDP's forecast earnings growth (27.3% per year) is above the savings rate (2.2%).
Earnings vs Market: GDP's earnings (27.3% per year) are forecast to grow faster than the US market (22.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GDP's revenue (14.4% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: GDP's revenue (14.4% per year) is forecast to grow slower 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
How has Goodrich Petroleum performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GDP has high quality earnings.
Growing Profit Margin: GDP's current net profit margins (14.4%) are higher than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: GDP has become profitable over the past 5 years, growing earnings by 73.5% per year.
Accelerating Growth: GDP's earnings growth over the past year (106.7%) exceeds its 5-year average (73.5% per year).
Earnings vs Industry: GDP earnings growth over the past year (106.7%) exceeded the Oil and Gas industry -21.6%.
Return on Equity
High ROE: GDP's Return on Equity (17.9%) is considered low.
How is Goodrich Petroleum's financial position?
Financial Position Analysis
Short Term Liabilities: GDP's short term assets ($23.1M) do not cover its short term liabilities ($42.6M).
Long Term Liabilities: GDP's short term assets ($23.1M) do not cover its long term liabilities ($112.8M).
Debt to Equity History and Analysis
Debt Level: GDP's debt to equity ratio (118.7%) is considered high.
Reducing Debt: GDP's debt to equity ratio has reduced from 2950.7% to 118.7% over the past 5 years.
Debt Coverage: GDP's debt is well covered by operating cash flow (72.3%).
Interest Coverage: GDP's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Goodrich Petroleum current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GDP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GDP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GDP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GDP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GDP's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gil Goodrich (62yo)
Mr. Walter G. Goodrich, also known as Gil, serves as Chief Executive Officer of Goodrich Petroleum Company, LLC since 1995. Mr. Goodrich has been the Chief Executive Officer of Goodrich Petroleum Corporati ...
CEO Compensation Analysis
Compensation vs Market: Gil's total compensation ($USD1.19M) is above average for companies of similar size in the US market ($USD618.98K).
Compensation vs Earnings: Gil's compensation has increased by more than 20% in the past year.
|Chairman & CEO||24.92yrs||US$1.19m||4.14% $3.6m|
|Senior VP||3.42yrs||US$508.42k||0.28% $239.9k|
|Vice President of Human Resources & Administration||13.83yrs||no data||no data|
|Executive VP||11.5yrs||US$1.47m||1.09% $942.1k|
|Vice President of Marketing & Assistant General Counsel||2.42yrs||no data||no data|
|Senior Vice President of Operations||12.5yrs||no data||no data|
|Senior Vice President of Drilling||8.5yrs||no data||no data|
|Senior Vice President of Land & Planning Administration||no data||no data||no data|
|Vice President of Information Technology||12.92yrs||no data||no data|
Experienced Management: GDP's management team is seasoned and experienced (12.5 years average tenure).
|Chairman & CEO||24.92yrs||US$1.19m||4.14% $3.6m|
|Lead Independent Director||no data||US$230.25k||0.28% $242.3k|
|Independent Director||0.92yr||US$197.92k||0.022% $19.4k|
|Independent Director||3.75yrs||US$217.75k||0.28% $242.3k|
|Independent Director||3.75yrs||US$222.50k||0.30% $259.5k|
|Independent Director||3.75yrs||US$203.75k||0.43% $373.2k|
|Independent Director||0.92yr||US$198.67k||0.022% $19.4k|
Experienced Board: GDP's board of directors are considered experienced (3.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Goodrich Petroleum Corporation's company bio, employee growth, exchange listings and data sources
- Name: Goodrich Petroleum Corporation
- Ticker: GDP
- Exchange: AMEX
- Founded: 1995
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$86.359m
- Shares outstanding: 12.53m
- Website: https://www.goodrichpetroleum.com
Number of Employees
- Goodrich Petroleum Corporation
- 801 Louisiana Street
- Suite 700
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GDP||AMEX (NYSE MKT LLC)||Yes||New Common Stock||US||USD||Dec 2016|
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 176 producing oil and natural gas wells located in 37 fields in seven states of the United States. As of December 31, 2019, it had estimated proved reserves of approximately 517 billion cubic feet equivalent, which included 510 billion cubic feet of natural gas and 1.1 million barrels of crude oil or other liquid hydrocarbons of oil and condensate. The company was founded in 1995 and is based in Houston, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/14 23:59|
|End of Day Share Price||2020/07/14 00:00|
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.