The board of directors of Goodrich Petroleum Corporation (NYSE:GDP) has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock, with dividends to be paid on June 15, 2015 to stockholders of record as of June 1, 2015.
In addition, the Board has also declared a quarterly cash dividend of $0.625 per depositary share on its 10.00% Series C Cumulative Preferred Stock, and a quarterly cash dividend of $0.609375 per depositary share on its 9.75% Series D Cumulative Preferred Stock to be paid on June 15, 2015 to stockholders of record as of June 12, 2015.
Goodrich Petroleum Corporation is an independent oil and natural gas exploration and production company whose common stock is listed on the New York Stock Exchange under the symbol GDP. (Original Source)
Shares of Goodrich Petroleum opened today at $2.81 and are currently trading down at $2.78. GDP has a 1-year high of $30.52 and a 1-year low of $2.35. The stock’s 50-day moving average is $3.57 and its 200-day moving average is $4.05.
On the ratings front, Goodrich Petroleum has been the subject of a number of recent research reports. In a report issued on May 7, Imperial analyst Kim Pacanovsky reiterated a Buy rating on GDP, with a price target of $7, which represents a potential upside of 149.1% from where the stock is currently trading. Separately, on May 6, MLV & Co.’s Chad Mabry maintained a Buy rating on the stock and has a price target of $5.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Kim Pacanovsky and Chad Mabry have a total average return of -26.6% and -24.3% respectively. Pacanovsky has a success rate of 27.8% and is ranked #3606 out of 3610 analysts, while Mabry has a success rate of 26.2% and is ranked #3604.
Goodrich Petroleum Corp is an independent oil & natural gas company engaged in the exploration, development & production of oil & natural gas on properties in South Texas, Northwest Louisiana & East Texas & Southwest Mississippi & Southeast Louisiana.