Goodrich Petroleum Corporation (GDP)
Goodrich Petroleum Corporation Altman Z-Score: -0.2944
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GDP Altman Z-Score Rankings
| Overall | 8th percentile | 3243 of 3549 |
| Sector | 4th percentile | 362 of 381 in Basic Materials |
| Industry | 6th percentile | 73 of 78 in Independent Oil & Gas |
GDP Altman Z-Score Range, Past 5 Years
| Minimum | -2.414 | Sep 2010 |
| Maximum | 3.208 | Jun 2008 |
| Average | 0.5687 |
About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GDP | 15.84 | +0.27 | +1.73% | 566.28M |
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| GDF | 11.96 | +0.06 | +0.50% | |
| GD | 64.35 | +0.77 | +1.21% | 22.86B |
| GCV | 5.36 | -0.06 | -1.11% | |
| GCOM | 10.80 | +0.05 | +0.47% | 246.71M |
| GCO | 70.18 | +0.80 | +1.15% | 1.694B |
| GCI | 13.16 | +0.18 | +1.39% | 3.076B |