GeoPark (NYSE:GPRK) Lowered to Buy Rating by StockNews.com

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

Separately, JPMorgan Chase & Co. decreased their price objective 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 2.6 %

NYSE GPRK opened at $10.48 on Friday. GeoPark has a 52 week low of $7.24 and a 52 week high of $11.72. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.23 and a current ratio of 1.28. The stock’s 50 day moving average price is $9.79 and its two-hundred day moving average price is $9.16. The stock has a market capitalization of $535.90 million, a price-to-earnings ratio of 5.32 and a beta of 1.35.

GeoPark (NYSE:GPRK) last announced its quarterly earnings data 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). The business had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. As a group, analysts anticipate that GeoPark will post 2.3 earnings per share for the current fiscal year.

Institutional Trading of GeoPark

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of 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 worth $2,883,000 after purchasing an additional 159,861 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in GeoPark during the third quarter worth about $2,834,000. Mackenzie Financial Corp acquired a new position in GeoPark during the second quarter worth approximately $2,929,000. GSA Capital Partners LLP raised its stake in GeoPark by 61.7% in the third quarter. GSA Capital Partners LLP now owns 216,084 shares of the oil and gas company’s stock valued at $1,701,000 after buying an additional 82,459 shares during the period. Finally, Armstrong Fleming & Moore Inc lifted its position in shares of GeoPark by 2.7% in the third quarter. Armstrong Fleming & Moore Inc now owns 187,726 shares of the oil and gas company’s stock valued at $1,477,000 after buying an additional 4,859 shares during the last quarter. Institutional investors and hedge funds 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.