GeoPark (NYSE:GPRK) Downgraded to “Buy” Rating by StockNews.com

GeoPark (NYSE:GPRK) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

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

GeoPark Price Performance

GPRK opened at $9.31 on Tuesday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.28 and a quick ratio of 1.23. The company has a market capitalization of $476.23 million, a price-to-earnings ratio of 4.72 and a beta of 1.35. The firm’s fifty day moving average price is $9.97 and its two-hundred day moving average price is $9.10. GeoPark has a 1 year low of $7.24 and a 1 year high of $11.72.

GeoPark (NYSE:GPRK) last posted 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 firm had revenue of $159.50 million for the quarter, compared to analysts’ expectations of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. As a group, analysts anticipate that GeoPark will post 2.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GeoPark

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in shares of GeoPark by 25.6% in the 4th quarter. Blue Trust Inc. now owns 6,142 shares of the oil and gas company’s stock worth $57,000 after buying an additional 1,252 shares during the last quarter. Armstrong Fleming & Moore Inc lifted its holdings in GeoPark by 2.7% during the third quarter. Armstrong Fleming & Moore Inc now owns 187,726 shares of the oil and gas company’s stock valued at $1,477,000 after purchasing an additional 4,859 shares during the last quarter. R Squared Ltd purchased a new stake in GeoPark during the fourth quarter valued at about $50,000. Public Employees Retirement System of Ohio purchased a new stake in GeoPark during the third quarter valued at about $44,000. Finally, Barclays PLC lifted its holdings in GeoPark by 392.3% during the third quarter. Barclays PLC now owns 8,974 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 7,151 shares during the last quarter. 68.21% of the stock is owned by hedge funds and other institutional investors.

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.