GeoPark (NYSE:GPRK) Raised to Strong-Buy at StockNews.com

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

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

GeoPark Trading Down 1.5 %

NYSE:GPRK traded down $0.14 during trading hours on Friday, reaching $9.15. 455,192 shares of the company were exchanged, compared to its average volume of 425,904. The stock has a 50 day simple moving average of $8.97 and a 200 day simple moving average of $9.24. The firm has a market cap of $468.14 million, a price-to-earnings ratio of 4.64 and a beta of 1.37. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.28 and a quick ratio of 1.23. GeoPark has a 52-week low of $7.24 and a 52-week high of $11.72.

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

Hedge Funds Weigh In On GeoPark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Employees Retirement System of Texas acquired a new stake in GeoPark during the second quarter worth approximately $34,000. nVerses Capital LLC bought a new stake in shares of GeoPark in the 2nd quarter valued at $35,000. Blue Trust Inc. acquired a new position in GeoPark in the third quarter valued at approximately $38,000. Public Employees Retirement System of Ohio acquired a new stake in GeoPark in the 3rd quarter valued at $44,000. Finally, Barclays PLC boosted 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 during the last quarter. 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.