GeoPark (NYSE:GPRK) Stock Rating Lowered by StockNews.com

GeoPark (NYSE:GPRK) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

GeoPark Stock Down 0.2 %

GeoPark stock opened at $8.02 on Thursday. The company has a 50-day simple moving average of $9.39 and a 200-day simple moving average of $8.93. The firm has a market capitalization of $410.07 million, a P/E ratio of 4.07 and a beta of 1.34. 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 one year low of $7.24 and a one year high of $11.72.

GeoPark (NYSE:GPRK) last released its quarterly earnings results on Wednesday, March 5th. The oil and gas company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.43). The firm had revenue of $143.70 million for the quarter, compared to the consensus estimate of $141.00 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. As a group, equities analysts expect that GeoPark will post 1.97 earnings per share for the current year.

Hedge Funds Weigh In On GeoPark

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in GeoPark by 5.2% in the 4th quarter. Renaissance Technologies LLC now owns 3,176,376 shares of the oil and gas company’s stock valued at $29,445,000 after buying an additional 156,067 shares in the last quarter. Principal Financial Group Inc. grew its position in GeoPark by 77.4% in the 3rd quarter. Principal Financial Group Inc. now owns 366,380 shares of the oil and gas company’s stock valued at $2,883,000 after buying an additional 159,861 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in GeoPark in the 3rd quarter valued at about $2,834,000. JPMorgan Chase & Co. grew its position in GeoPark by 55.1% in the 4th quarter. JPMorgan Chase & Co. now owns 339,337 shares of the oil and gas company’s stock valued at $3,146,000 after buying an additional 120,518 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in GeoPark by 43.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 223,867 shares of the oil and gas company’s stock valued at $2,075,000 after buying an additional 67,573 shares in the last quarter. Institutional investors own 68.21% of the company’s stock.

GeoPark Company Profile

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.