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

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

Separately, JPMorgan Chase & Co. dropped their price target 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

GPRK stock opened at $10.54 on Friday. The firm has a market cap of $539.26 million, a P/E ratio of 5.35 and a beta of 1.35. 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 has a 1 year low of $7.24 and a 1 year high of $11.72. The stock has a 50-day simple moving average of $9.21 and a 200-day simple moving average of $9.17.

GeoPark (NYSE:GPRK) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.11). The company had revenue of $159.50 million during the quarter, compared to analysts’ expectations of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. On average, equities analysts predict that GeoPark will post 2.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GeoPark

Several institutional investors and hedge funds have recently made changes to their positions in GPRK. Employees Retirement System of Texas bought a new position in shares of GeoPark during the second quarter worth about $34,000. Blue Trust Inc. bought a new position in GeoPark during the 3rd quarter worth approximately $38,000. Public Employees Retirement System of Ohio acquired a new position in shares of GeoPark in the 3rd quarter worth approximately $44,000. Barclays PLC increased its holdings in shares of GeoPark by 392.3% in the 3rd quarter. Barclays PLC now owns 8,974 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 7,151 shares during the last quarter. Finally, DGS Capital Management LLC acquired a new stake in shares of GeoPark during the 3rd quarter valued at approximately $148,000. 68.21% of the stock is currently owned by hedge funds and other 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.