GeoPark (NYSE:GPRK) Price Target Lowered to $11.00 at JPMorgan Chase & Co.

GeoPark (NYSE:GPRK) had its price objective lowered by JPMorgan Chase & Co. from $12.00 to $11.00 in a research report report published on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and gas company’s stock.

Separately, StockNews.com downgraded shares of GeoPark from a “strong-buy” rating to a “buy” rating in a research report on Monday.

GeoPark Price Performance

Shares of GeoPark stock opened at $8.20 on Wednesday. The stock has a market capitalization of $453.69 million, a price-to-earnings ratio of 4.02 and a beta of 1.32. The firm’s 50-day moving average price is $8.23 and its two-hundred day moving average price is $9.38. The company has a current ratio of 1.16, a quick ratio of 1.10 and a debt-to-equity ratio of 2.83. GeoPark has a 1-year low of $7.24 and a 1-year high of $11.25.

GeoPark (NYSE:GPRK) last released its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). GeoPark had a return on equity of 60.77% and a net margin of 14.28%. The business had revenue of $190.20 million for the quarter, compared to the consensus estimate of $182.74 million. On average, equities analysts predict that GeoPark will post 3.09 earnings per share for the current fiscal year.

GeoPark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $0.147 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.59 dividend on an annualized basis and a yield of 7.17%. GeoPark’s payout ratio is 28.43%.

Institutional Investors Weigh In On GeoPark

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in GeoPark by 3,251.7% in the second quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock worth $4,139,000 after purchasing an additional 368,161 shares during the period. Mackenzie Financial Corp bought a new stake in shares of GeoPark during the second quarter worth approximately $2,929,000. Principal Financial Group Inc. acquired a new position in GeoPark in the second quarter valued at approximately $2,261,000. Deltec Asset Management LLC boosted its stake in GeoPark by 997.3% in the third quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company’s stock valued at $1,036,000 after acquiring an additional 119,678 shares during the last quarter. Finally, Annex Advisory Services LLC grew its holdings in GeoPark by 137.3% during the 3rd quarter. Annex Advisory Services LLC now owns 128,750 shares of the oil and gas company’s stock worth $1,013,000 after acquiring an additional 74,485 shares during the period. 68.21% of the stock is owned by institutional investors and hedge funds.

About GeoPark

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.