GeoPark (NYSE:GPRK) Upgraded by StockNews.com to Strong-Buy Rating

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

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

GeoPark Trading Up 7.3 %

Shares of NYSE:GPRK traded up $0.71 during trading on Monday, reaching $10.41. The company’s stock had a trading volume of 1,885,808 shares, compared to its average volume of 398,576. The firm’s 50 day simple moving average is $8.34 and its two-hundred day simple moving average is $9.19. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 2.53. GeoPark has a 12 month low of $7.24 and a 12 month high of $11.25. The stock has a market capitalization of $532.58 million, a PE ratio of 5.28 and a beta of 1.31.

GeoPark (NYSE:GPRK) last announced its earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.11). GeoPark had a return on equity of 57.93% and a net margin of 14.97%. The company had revenue of $159.50 million during the quarter, compared to analysts’ expectations of $156.99 million. On average, research analysts predict that GeoPark will post 2.95 EPS for the current fiscal year.

Institutional Investors Weigh In On GeoPark

A number of institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC purchased a new stake in GeoPark in the 1st quarter valued at about $28,000. Employees Retirement System of Texas purchased a new position in GeoPark during the 2nd quarter worth $34,000. nVerses Capital LLC bought a new stake in GeoPark during the 2nd quarter valued at $35,000. Blue Trust Inc. purchased a new stake in shares of GeoPark in the 3rd quarter worth $38,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of GeoPark in the 3rd quarter worth $44,000. 68.21% of the stock is owned by 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.