GeoPark (NYSE:GPRK) Rating Lowered to Buy at StockNews.com

GeoPark (NYSE:GPRK) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, JPMorgan Chase & Co. reduced their price objective on GeoPark from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th.

GeoPark Stock Performance

GeoPark stock opened at $8.81 on Friday. The company’s 50-day moving average price is $9.06 and its 200-day moving average price is $9.18. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 2.53. GeoPark has a twelve month low of $7.24 and a twelve month high of $11.72. The company has a market cap of $450.75 million, a PE ratio of 4.47 and a beta of 1.37.

GeoPark (NYSE:GPRK) last announced its earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.11). GeoPark had a net margin of 14.97% and a return on equity of 57.93%. The firm had revenue of $159.50 million during the quarter, compared to analysts’ expectations of $156.99 million. On average, equities research analysts forecast that GeoPark will post 2.56 EPS for the current fiscal year.

Hedge Funds Weigh In On GeoPark

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. purchased a new stake in GeoPark during the third quarter worth $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in GeoPark during the third quarter valued at about $2,834,000. Dynamic Technology Lab Private Ltd purchased a new position in GeoPark in the third quarter valued at about $294,000. Principal Financial Group Inc. grew its stake in GeoPark by 77.4% in the third quarter. Principal Financial Group Inc. now owns 366,380 shares of the oil and gas company’s stock valued at $2,883,000 after purchasing an additional 159,861 shares during the last quarter. Finally, Deltec Asset Management LLC raised its holdings in GeoPark by 997.3% in the third quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company’s stock worth $1,036,000 after purchasing an additional 119,678 shares in the last quarter. 68.21% of the stock is currently owned by institutional investors.

About GeoPark

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.