StockNews.com Upgrades GeoPark (NYSE:GPRK) to “Strong-Buy”

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

Separately, JPMorgan Chase & Co. lowered 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 Trading Down 2.4 %

Shares of NYSE GPRK opened at $10.29 on Friday. 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 one year low of $7.24 and a one year high of $11.72. The business has a 50-day moving average price of $9.26 and a two-hundred day moving average price of $9.15. The firm has a market capitalization of $526.47 million, a PE ratio of 5.22 and a beta of 1.35.

GeoPark (NYSE:GPRK) last posted its quarterly 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 company had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. As a group, analysts predict that GeoPark will post 2.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GPRK. Acadian Asset Management LLC raised its stake in shares of GeoPark by 3,251.7% in the 2nd quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock valued at $4,139,000 after acquiring an additional 368,161 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of GeoPark in the third quarter valued at approximately $2,834,000. Mackenzie Financial Corp acquired a new stake in shares of GeoPark in the second quarter worth $2,929,000. Principal Financial Group Inc. bought a new stake in shares of GeoPark during the 2nd quarter worth $2,261,000. Finally, Deltec Asset Management LLC grew its stake in GeoPark by 997.3% in the 3rd quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company’s stock valued at $1,036,000 after buying an additional 119,678 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.