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

StockNews.com lowered shares of GeoPark (NYSE:GPRK) from a strong-buy rating to a buy rating in a research note published on Monday morning.

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

GeoPark Price Performance

Shares of NYSE GPRK opened at $8.15 on Monday. The firm has a market cap of $450.92 million, a P/E ratio of 3.89 and a beta of 1.32. The company has a current ratio of 1.16, a quick ratio of 1.10 and a debt-to-equity ratio of 2.83. GeoPark has a 1-year low of $7.24 and a 1-year high of $11.25. The business’s 50 day moving average is $8.28 and its 200-day moving average is $9.40.

GeoPark (NYSE:GPRK) last announced its earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share 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 the consensus estimate of $182.74 million. GeoPark had a return on equity of 60.77% and a net margin of 14.28%. Equities research analysts predict that GeoPark will post 3.09 earnings per share for the current year.

GeoPark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.147 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.59 dividend on an annualized basis and a yield of 7.21%. GeoPark’s dividend payout ratio (DPR) is presently 28.43%.

Hedge Funds Weigh In On GeoPark

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new position in GeoPark during the 1st quarter worth $28,000. Employees Retirement System of Texas bought a new position in GeoPark during the 2nd quarter worth $34,000. nVerses Capital LLC bought a new position in GeoPark during the 2nd quarter worth $35,000. Blue Trust Inc. acquired a new stake in shares of GeoPark in the 3rd quarter valued at $38,000. Finally, Virtu Financial LLC acquired a new stake in shares of GeoPark in the 1st quarter valued at $192,000. 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.