Use Goodrich to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier
1 Month Beta ..........
4.23
As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Goodrich will likely underperform.
Henry Goodrich Chairman Emeritus, Consultant and Member of Executive Committee
Walter Goodrich Non-Independent Executive Vice Chairman, CEO, Member of Executive Committee and Member of Hedging Committee
Michael Killelea Senior Vice President General Counsel, Corporate Secretary
Goodrich Price and Market Media
The median price of Goodrich for the period between Thu, Apr 26, 2012 and Sat, May 26, 2012 is 15.57 with a coefficient of variation of 7.56. The daily time series for the period is distributed with a sample standard deviation of 1.15, arithmetic mean of 15.16, and mean deviation of 0.94. The Stock received some media coverage during the period.
Goodrich Petroleum Corporation [GDP] is traded on American Stock Exchange in USA. It is located in Houston, TX and employs 113 people. The company currently falls under 'Small-Cap' category with total capitalization of 565.88 M. Goodrich Petroleum Corporation runs under Basic Materials sector within Independent Oil and Gas industry. This company has 36.34 M outstanding shares of which 8.66 M shares are currently shorted by investors with about 7.0 days to cover shorted positions.
Goodrich Liquidity
GOODRICH PET HLD has about 3.35 M in cash with 160.37 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09.
The company has 599.57 M in debt with debt to equity (D/E) ratio of 4.76 . This implies that the company may be unable to create cash to meet all of its financial commitments. Goodrich Petroleum Corporation has Current Ratio of 0.76 suggesting that it has not enough short term capital to pay financial commitments when the payables are due.