Northern Trust Corp bought a new stake in shares of Goodrich Petroleum Corp (NYSEAMERICAN:GDP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 80,734 shares of the company’s stock, valued at approximately $999,000. Northern Trust Corp owned about 0.68% of Goodrich Petroleum at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of GDP. Raymond James & Associates purchased a new position in shares of Goodrich Petroleum in the 2nd quarter worth $217,000. Renaissance Technologies LLC boosted its stake in shares of Goodrich Petroleum by 61.4% in the 2nd quarter. Renaissance Technologies LLC now owns 126,500 shares of the company’s stock worth $1,565,000 after buying an additional 48,100 shares during the last quarter. MYDA Advisors LLC purchased a new position in shares of Goodrich Petroleum in the 2nd quarter worth $247,000. Dimensional Fund Advisors LP boosted its stake in shares of Goodrich Petroleum by 30.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 63,495 shares of the company’s stock worth $785,000 after buying an additional 14,850 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in shares of Goodrich Petroleum in the 2nd quarter worth $5,126,000.
A number of brokerages recently commented on GDP. Zacks Investment Research cut Goodrich Petroleum from a “hold” rating to a “strong sell” rating in a report on Friday, September 28th. Ifs Securities began coverage on Goodrich Petroleum in a report on Monday, October 29th. They issued an “outperform” rating on the stock.
Shares of GDP stock opened at $13.70 on Thursday. Goodrich Petroleum Corp has a 12-month low of $9.50 and a 12-month high of $15.75.
Goodrich Petroleum (NYSEAMERICAN:GDP) last issued its earnings results on Thursday, November 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.09). The firm had revenue of $24.33 million during the quarter, compared to analysts’ expectations of $24.15 million.
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About Goodrich Petroleum
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.
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