StockNews.com Downgrades GeoPark (NYSE:GPRK) to Buy

GeoPark (NYSE:GPRKGet Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

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

Read Our Latest Research Report on GeoPark

GeoPark Stock Up 1.6 %

GeoPark stock opened at $9.31 on Tuesday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.23 and a current ratio of 1.28. GeoPark has a 52-week low of $7.24 and a 52-week high of $11.72. The firm has a 50 day moving average price of $9.97 and a two-hundred day moving average price of $9.10. The firm has a market cap of $476.23 million, a price-to-earnings ratio of 4.72 and a beta of 1.35.

GeoPark (NYSE:GPRKGet Free Report) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.11). The company had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.99 million. GeoPark had a net margin of 14.97% and a return on equity of 57.93%. Equities analysts predict that GeoPark will post 2.12 EPS for the current year.

Institutional Trading of GeoPark

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. bought a new stake in GeoPark during the 3rd quarter valued at $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in GeoPark during the 3rd quarter valued at $2,834,000. Principal Financial Group Inc. increased its stake in GeoPark by 77.4% during the 3rd quarter. Principal Financial Group Inc. now owns 366,380 shares of the oil and gas company’s stock valued at $2,883,000 after purchasing an additional 159,861 shares in the last quarter. Barclays PLC increased its stake in GeoPark by 392.3% during the 3rd 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in GeoPark during the 3rd quarter valued at $294,000. Institutional investors own 68.21% of the company’s stock.

About GeoPark

(Get Free Report)

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.

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