GeoPark (NYSE:GPRK) Stock Rating Lowered by StockNews.com

GeoPark (NYSE:GPRK) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

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

GeoPark Trading Up 1.5 %

Shares of GeoPark stock opened at $11.11 on Tuesday. GeoPark has a fifty-two week low of $7.24 and a fifty-two week high of $11.72. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.23 and a current ratio of 1.28. The firm has a market capitalization of $568.39 million, a price-to-earnings ratio of 5.64 and a beta of 1.37. The stock has a 50 day moving average of $8.74 and a 200 day moving average of $9.24.

GeoPark (NYSE:GPRK) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.11). The business had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. As a group, research analysts predict that GeoPark will post 2.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GPRK. Liontrust Investment Partners LLP acquired a new stake in shares of GeoPark in the second quarter valued at $460,000. Principal Financial Group Inc. purchased a new position in shares of GeoPark in the 2nd quarter valued at about $2,261,000. Commonwealth Equity Services LLC acquired a new position in shares of GeoPark during the second quarter worth about $244,000. nVerses Capital LLC purchased a new stake in shares of GeoPark during the second quarter worth approximately $35,000. Finally, Acadian Asset Management LLC raised its holdings in GeoPark by 3,251.7% in the second quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock valued at $4,139,000 after acquiring an additional 368,161 shares in the last quarter. Hedge funds and other institutional investors own 68.21% of the company’s stock.

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.