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Last $0.89 USD
Change Today -0.0062 / -0.69%
Volume 931.1K
GDP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

goodrich petroleum corp (GDP) Key Developments

Goodrich Petroleum Corp.(NYSE:GDP) dropped from Russell 2000 Index

Goodrich Petroleum Corp. will be removed from Russell 2000 Index

Goodrich Petroleum Corp.(NYSE:GDP) dropped from Russell 3000 Index

Goodrich Petroleum Corp. will be removed from the Russell 3000 Index.

Goodrich Petroleum Begins Completion of Operations in Tuscaloosa Marine Shale; Reaffirms Capital Expenditure Guidance for the Second Quarter and Full Year 2015

Goodrich Petroleum announced that it has commenced completion of operations on two of its six drilled but uncompleted wells in the Tuscaloosa Marine Shale. The two wells in Tangipahoa Parish are near completion of fracture stimulation, with flow back and initial production expected within one to two weeks. The company said it anticipates completing the remaining four drilled but uncompleted Tuscaloosa Marine Shale wells from mid-July through early September. All six wells, which are located within the company's core acreage position of 150,000 net acres, will be completed prior to the fall borrowing base redetermination scheduled for October 2015. The company continues to see second quarter capital expenditure of $10 million to $15 million and exited first quarter with in excess of $100 million of liquidity. Goodrich Petroleum also noted its full-year capital expenditure budget of $90 million to $110 million was front-end loaded, with about 46% of the budget at the mid-point of guidance spent in first quarter, as the company entered the year with three rigs under contract. The company has zero rigs running with plans to bring a rig back to the Tuscaloosa Marine Shale in October, with no change to previously issued guidance.

Goodrich Petroleum To Sell Its Eagle Ford Shale Asset

Goodrich Petroleum Corp. (NYSE:GDP) maintains the ability to enhance liquidity by pursuing a potential joint venture or sale of its Eagle Ford Shale asset.

Goodrich Petroleum Corp. Approves Amendment to Certificate of Incorporation

Goodrich Petroleum Corp. announced that its shareholders have approved Certificate of Amendment to its restated Certificate of Incorporation to increase the number of authorized shares of the company's common stock to 150,000,000, at its annual meeting of stockholders held on May 29, 2015.

 

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Valuation GDP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 2.8x
Price/Cash Flow 0.5x
TEV/Sales NM Not Meaningful
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