GeoPark (NYSE:GPRK) Downgraded by StockNews.com to “Buy”

GeoPark (NYSE:GPRK) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

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

GeoPark Trading Up 0.5 %

NYSE:GPRK opened at $8.81 on Friday. The company has a market capitalization of $450.75 million, a P/E ratio of 4.47 and a beta of 1.37. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 2.53. GeoPark has a 12 month low of $7.24 and a 12 month high of $11.72. The firm has a fifty day simple moving average of $9.06 and a 200-day simple moving average of $9.19.

GeoPark (NYSE:GPRK) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.11). The firm 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 research analysts anticipate that GeoPark will post 2.56 earnings per share for the current year.

Institutional Investors Weigh In On GeoPark

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. purchased a new stake in shares of GeoPark in the second quarter worth about $2,261,000. Commonwealth Equity Services LLC acquired a new position in GeoPark in the second quarter valued at approximately $244,000. nVerses Capital LLC acquired a new position in GeoPark in the second quarter valued at approximately $35,000. Acadian Asset Management LLC boosted its position in GeoPark by 3,251.7% in 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. Finally, Renaissance Technologies LLC grew its stake in shares of GeoPark by 1.9% during the 2nd quarter. Renaissance Technologies LLC now owns 3,246,617 shares of the oil and gas company’s stock worth $35,550,000 after purchasing an additional 61,454 shares during the period. 68.21% of the stock is owned by institutional investors and hedge funds.

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.