Goodrich Petroleum -19% after Q4 loss widens, misses estimates

• Goodrich Petroleum (GDP -18.9%) plunges after Q4 earnings and revenue significantly trailed expectations.
• GDP says it anticipates producing 3,800-4,200 bbl/day of oil and 48K–50K cf/day of natural gas during Q1; year-end 2013 proved reserves grow by 36% to 452B cfe.
• Macquarie downgrades shares to Underperform from Neutral and cut its price target to $13 from $18, citing weak Q4 production and liquidity concerns toward the end of the year.