GeoPark (NYSE:GPRK) Rating Reiterated by Canaccord Genuity Group

GeoPark (NYSE:GPRK)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a report issued on Friday, Benzinga reports. They presently have a $14.00 target price on the oil and gas company’s stock. Canaccord Genuity Group’s price objective indicates a potential upside of 42.57% from the company’s previous close.

GPRK has been the subject of several other research reports. StockNews.com raised shares of GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. reduced their price objective on GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Tuesday, February 20th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, GeoPark currently has an average rating of “Buy” and an average target price of $13.17.

GeoPark Stock Performance

GPRK stock opened at $9.82 on Friday. GeoPark has a 1-year low of $8.05 and a 1-year high of $12.06. The company has a current ratio of 1.17, a quick ratio of 1.11 and a debt-to-equity ratio of 2.77. The firm has a market cap of $543.34 million, a PE ratio of 5.04 and a beta of 1.30. The business’s 50-day moving average price is $9.07 and its two-hundred day moving average price is $9.24.

GeoPark (NYSE:GPRK) last issued its quarterly earnings data on Wednesday, March 6th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.17). GeoPark had a net margin of 14.69% and a return on equity of 79.78%. The business had revenue of $199.70 million during the quarter, compared to analyst estimates of $212.54 million. As a group, research analysts forecast that GeoPark will post 3.14 earnings per share for the current year.

Institutional Investors Weigh In On GeoPark

Several large investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. acquired a new stake in shares of GeoPark in the first quarter valued at approximately $30,000. JPMorgan Chase & Co. bought a new position in shares of GeoPark in the second quarter valued at about $42,000. NBC Securities Inc. boosted its holdings in shares of GeoPark by 480.0% during the 4th quarter. NBC Securities Inc. now owns 5,800 shares of the oil and gas company’s stock worth $49,000 after buying an additional 4,800 shares during the period. Tower Research Capital LLC TRC grew its stake in GeoPark by 1,147.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,205 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 3,868 shares during the last quarter. Finally, BNP Paribas Arbitrage SA bought a new position in GeoPark in the 2nd quarter valued at about $54,000. Institutional investors and hedge funds own 68.21% of the company’s stock.

About GeoPark

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.