Stock Update (NYSE:GDP): Goodrich Petroleum Corporation Announces Resignation of Chief Financial Officer

Goodrich Petroleum Corporation (NYSE:GDP) announced that Jan Schott, its Senior Vice President and Chief Financial Officer, has resigned to take a financial position with a private company. Ms. Schott’s resignation did not result from any disagreement with the Company regarding any matter related to the Company’s operations, policies or practices.

Ms. Schott will remain with the Company through early September to assist the Company during the initial transition phase. Robert C. Turnham, Jr., the Company’s President and Chief Operating Officer, will assume the role as interim-CFO while the Company conducts a search.

Mr. Walter G. Goodrich, the Company’s Chairman and Chief Executive Officer, stated “We will miss having Jan on the team, but we thank her for her service and wish her the very best in her new opportunity.”

Goodrich Petroleum Corporation is an independent oil and gas exploration and production company listed on the New York Stock Exchange. (Original Source)

Shares of Goodrich Petroleum closed today at $0.7133, down $0.0668 or 8.56%. GDP has a 1-year high of $22.61 and a 1-year low of $0.65. The stock’s 50-day moving average is $1.13 and its 200-day moving average is $2.73.

On the ratings front, Goodrich Petroleum has been the subject of a number of recent research reports. In a report issued on August 6, RBC analyst Leo Mariani reiterated a Buy rating on GDP, with a price target of $4, which implies an upside of 460.8% from current levels. Separately, on July 28, Northland Securities’ Jeff Grampp reiterated a Hold rating on the stock and has a price target of $1.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Leo Mariani and Jeff Grampp have a total average return of -9.2% and -29.0% respectively. Mariani has a success rate of 33.8% and is ranked #3631 out of 3740 analysts, while Grampp has a success rate of 23.1% and is ranked #3720.

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.

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