GeoPark (NYSE:GPRK) Shares Gap Down to $9.43

GeoPark Limited (NYSE:GPRK)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $9.43, but opened at $9.21. GeoPark shares last traded at $9.13, with a volume of 72,689 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of GeoPark from a “strong-buy” rating to a “buy” rating in a report on Monday, August 5th.

GeoPark Price Performance

The company has a debt-to-equity ratio of 2.47, a current ratio of 1.20 and a quick ratio of 1.13. The firm has a market cap of $499.06 million, a P/E ratio of 4.35 and a beta of 1.34. The firm’s 50 day moving average is $10.21 and its 200 day moving average is $9.66.

GeoPark (NYSE:GPRK) last released its quarterly earnings data on Wednesday, May 15th. The oil and gas company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.05). The business had revenue of $167.42 million during the quarter, compared to the consensus estimate of $192.63 million. GeoPark had a net margin of 15.51% and a return on equity of 67.81%. As a group, analysts anticipate that GeoPark Limited will post 3.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in shares of GeoPark by 1.9% in the 2nd quarter. Renaissance Technologies LLC now owns 3,246,617 shares of the oil and gas company’s stock worth $35,550,000 after purchasing an additional 61,454 shares during the period. Carmignac Gestion grew its holdings in shares of GeoPark by 12.0% in the fourth quarter. Carmignac Gestion now owns 1,118,884 shares of the oil and gas company’s stock valued at $9,589,000 after purchasing an additional 120,000 shares in the last quarter. Acadian Asset Management LLC raised its stake in GeoPark by 3,251.7% during the second quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock valued at $4,139,000 after purchasing an additional 368,161 shares in the last quarter. Mackenzie Financial Corp bought a new position in GeoPark during the second quarter valued at $2,929,000. Finally, Principal Financial Group Inc. purchased a new position in shares of GeoPark in the 2nd quarter worth $2,261,000. 68.21% of the stock is owned by hedge funds and other institutional investors.

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.