GeoPark (NYSE:GPRK) Raised to Strong-Buy at StockNews.com

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

Separately, JPMorgan Chase & Co. reduced their price objective on shares of GeoPark from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th.

GeoPark Price Performance

Shares of GPRK opened at $9.15 on Friday. GeoPark has a twelve month low of $7.24 and a twelve month high of $11.72. The firm’s 50 day moving average price is $8.97 and its 200 day moving average price is $9.23. The firm has a market cap of $468.14 million, a PE ratio of 4.64 and a beta of 1.37. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.23 and a current ratio of 1.28.

GeoPark (NYSE:GPRK) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.11). GeoPark had a return on equity of 57.93% and a net margin of 14.97%. The firm had revenue of $159.50 million for the quarter, compared to the consensus estimate of $156.99 million. As a group, research analysts expect that GeoPark will post 2.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Employees Retirement System of Texas purchased a new position in shares of GeoPark during the second quarter valued at approximately $34,000. nVerses Capital LLC bought a new position in GeoPark during the 2nd quarter valued at $35,000. Blue Trust Inc. purchased a new position in GeoPark during the 3rd quarter worth $38,000. Public Employees Retirement System of Ohio bought a new stake in shares of GeoPark in the 3rd quarter worth $44,000. Finally, Barclays PLC raised its holdings in shares of GeoPark by 392.3% in the third quarter. Barclays PLC now owns 8,974 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 7,151 shares during the last quarter. 68.21% of the stock is owned by institutional investors.

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.