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 report released on Friday.

Separately, JPMorgan Chase & Co. dropped their price target on GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th.

GeoPark Trading Down 1.5 %

GPRK stock traded down $0.14 during trading on Friday, reaching $9.15. The company had a trading volume of 455,192 shares, compared to its average volume of 425,904. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.28 and a quick ratio of 1.23. GeoPark has a 52 week low of $7.24 and a 52 week high of $11.72. The company has a market cap of $468.14 million, a P/E ratio of 4.64 and a beta of 1.37. The business has a 50 day moving average of $8.97 and a 200 day moving average of $9.24.

GeoPark (NYSE:GPRK) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 14.97% and a return on equity of 57.93%. As a group, sell-side analysts forecast 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 added to or reduced their stakes in GPRK. Liontrust Investment Partners LLP purchased a new position in GeoPark during the 2nd quarter worth approximately $460,000. Principal Financial Group Inc. acquired a new stake in shares of GeoPark during the second quarter worth $2,261,000. Commonwealth Equity Services LLC acquired a new position in shares of GeoPark during the 2nd quarter valued at about $244,000. nVerses Capital LLC purchased a new position in shares of GeoPark in the 2nd quarter worth $35,000. Finally, Acadian Asset Management LLC increased its position in GeoPark by 3,251.7% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 68.21% of the company’s stock.

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.