GeoPark (NYSE:GPRK) Cut to “Buy” at StockNews.com

StockNews.com cut shares of GeoPark (NYSE:GPRK) from a strong-buy rating to a buy rating in a report released on Monday.

Separately, JPMorgan Chase & Co. upped their target price on shares of GeoPark from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th.

GeoPark Trading Up 0.6 %

GPRK opened at $8.20 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.16 and a debt-to-equity ratio of 2.83. The firm has a market cap of $453.69 million, a P/E ratio of 4.00 and a beta of 1.32. GeoPark has a 52 week low of $7.24 and a 52 week high of $11.25. The business has a fifty day simple moving average of $8.23 and a 200-day simple moving average of $9.38.

GeoPark (NYSE:GPRK) last announced its earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The firm had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $182.74 million. GeoPark had a net margin of 14.28% and a return on equity of 60.77%. On average, equities analysts expect that GeoPark will post 3.09 earnings per share for the current year.

GeoPark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $0.147 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend was Thursday, August 29th. GeoPark’s dividend payout ratio is currently 28.43%.

Hedge Funds Weigh In On GeoPark

A number of institutional investors and hedge funds have recently made changes to their positions in GPRK. EverSource Wealth Advisors LLC purchased a new position in GeoPark in the first quarter worth approximately $28,000. Employees Retirement System of Texas acquired a new stake in shares of GeoPark in the 2nd quarter valued at $34,000. nVerses Capital LLC purchased a new stake in shares of GeoPark during the 2nd quarter worth $35,000. Blue Trust Inc. acquired a new position in shares of GeoPark during the third quarter worth $38,000. Finally, Virtu Financial LLC acquired a new position in shares of GeoPark during the first quarter worth $192,000. 68.21% of the stock is owned by institutional investors and hedge funds.

GeoPark Company Profile

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.