JPMorgan Chase & Co. Increases GeoPark (NYSE:GPRK) Price Target to $12.00

GeoPark (NYSE:GPRK) had its target price lifted by JPMorgan Chase & Co. from $11.50 to $12.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 45.10% from the company’s current price.

Separately, StockNews.com upgraded GeoPark from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 19th.

GeoPark Stock Down 1.3 %

Shares of GPRK traded down $0.11 during mid-day trading on Wednesday, reaching $8.27. 64,720 shares of the stock traded hands, compared to its average volume of 410,977. The stock has a fifty day simple moving average of $8.91 and a 200 day simple moving average of $9.62. GeoPark has a 12-month low of $7.24 and a 12-month high of $11.25. The company has a quick ratio of 1.10, a current ratio of 1.16 and a debt-to-equity ratio of 2.83. The firm has a market cap of $458.74 million, a price-to-earnings ratio of 4.05 and a beta of 1.32.

GeoPark (NYSE:GPRK) last released its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). The firm had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $182.74 million. GeoPark had a return on equity of 60.77% and a net margin of 14.28%. Sell-side analysts expect that GeoPark will post 3.18 EPS for the current fiscal year.

Institutional Investors Weigh In On GeoPark

A number of institutional investors have recently modified their holdings of GPRK. Carmignac Gestion increased its holdings in 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 buying an additional 120,000 shares during the last quarter. Liontrust Investment Partners LLP acquired a new stake in shares of GeoPark during the 2nd quarter valued at approximately $460,000. Principal Financial Group Inc. bought a new position in GeoPark during the second quarter worth $2,261,000. Quadrature Capital Ltd boosted its holdings in GeoPark by 40.6% in the first quarter. Quadrature Capital Ltd now owns 85,080 shares of the oil and gas company’s stock worth $817,000 after purchasing an additional 24,555 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new stake in GeoPark during the first quarter valued at $28,000. Institutional investors and hedge funds own 68.21% of the company’s stock.

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.