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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.


Snowflake Analysis

Solid track record with reasonable growth potential.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

13.2%

GDP

1.4%

US Oil and Gas

2.7%

US Market


1 Year Return

-30.5%

GDP

-32.6%

US Oil and Gas

9.1%

US Market

Return vs Industry: GDP exceeded the US Oil and Gas industry which returned -32.6% over the past year.

Return vs Market: GDP underperformed the US Market which returned 9.1% over the past year.


Shareholder returns

GDPIndustryMarket
7 Day13.2%1.4%2.7%
30 Day-5.5%1.0%4.5%
90 Day50.8%-13.2%2.3%
1 Year-30.5%-30.5%-29.5%-32.6%11.5%9.1%
3 Year-31.6%-31.6%-29.1%-36.6%30.6%22.0%
5 Yearn/a-37.5%-47.4%57.2%39.5%

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?

6.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GDP ($8.04) is trading above our estimate of fair value ($7.02)

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 (6.2x) compared to the Oil and Gas industry average (9.5x).

PE vs Market: GDP is good value based on its PE Ratio (6.2x) compared to the US market (15.9x).


Price to Earnings Growth Ratio

PEG Ratio: GDP is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: GDP is overvalued based on its PB Ratio (1.1x) compared to the US Oil and Gas industry average (0.7x).


Next Steps

Future Growth

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

21.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GDP's forecast earnings growth (21.9% per year) is above the savings rate (2.2%).

Earnings vs Market: GDP's earnings (21.9% per year) are forecast to grow faster than the US market (21.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GDP's revenue (14.1% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: GDP's revenue (14.1% 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


Next Steps

Past Performance

How has Goodrich Petroleum performed over the past 5 years?

73.5%

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 -19.8%.


Return on Equity

High ROE: GDP's Return on Equity (17.9%) is considered low.


Next Steps

Financial Health

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).


Balance Sheet


Next Steps

Dividend

What is Goodrich Petroleum's 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?

12.3yrs

Average management tenure


CEO

Gil Goodrich (61yo)

24.75yrs

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 ($USD1.19M) is above average for companies of similar size in the US market ($USD589.04K).

Compensation vs Earnings: Gil's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Walter Goodrich
Chairman & CEO24.75yrsUS$1.19m4.14% $4.2m
Robert Turnham
President13.42yrsUS$1.19m4.04% $4.1m
Mark Ferchau
Executive Vice President17.17yrsUS$1.54m1.49% $1.5m
Robert Barker
Senior VP3.17yrsUS$508.42k0.28% $279.9k
Leslee Ranly
Vice President of Human Resources & Administration13.67yrsno datano data
Michael Killelea
Executive VP11.33yrsUS$1.47m1.09% $1.1m
Michael Huggins
Vice President of Marketing & Assistant General Counsel2.17yrsno datano data
Thomas Nemec
Senior Vice President of Operations12.33yrsno datano data
Clarke Denney
Senior Vice President of Drilling8.33yrsno datano data
Timothy Lane
Senior Vice President of Land & Planning Administrationno datano datano data

12.3yrs

Average Tenure

61yo

Average Age

Experienced Management: GDP's management team is seasoned and experienced (12.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Walter Goodrich
Chairman & CEO24.75yrsUS$1.19m4.14% $4.2m
Robert Turnham
President13.42yrsUS$1.19m4.04% $4.1m
Timothy Leuliette
Lead Independent Directorno dataUS$230.25k0.28% $282.7k
Jeffrey Serota
Independent Director0.75yrUS$197.92k0.022% $22.6k
Thomas Souers
Independent Director3.58yrsUS$217.75k0.28% $282.7k
Kenneth Leight
Independent Director3.58yrsUS$222.50k0.30% $302.9k
Ronald Coleman
Independent Director3.58yrsUS$203.75k0.43% $435.5k
Edward Sondey
Independent Director0.75yrUS$198.67k0.022% $22.6k

3.6yrs

Average Tenure

62yo

Average Age

Experienced Board: GDP's board of directors are considered experienced (3.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: GDP 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 3.1%.


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$100.773m
  • Shares outstanding: 12.53m
  • 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 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 06:10
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
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.