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

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

GeoPark Stock Performance

GPRK opened at $7.84 on Friday. The stock has a market cap of $400.86 million, a price-to-earnings ratio of 3.98 and a beta of 1.37. The business has a 50 day moving average of $9.26 and a 200-day moving average of $8.89. The company has a quick ratio of 1.23, a current ratio of 1.28 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.

GeoPark (NYSE:GPRK) last released its quarterly earnings results on Wednesday, March 5th. The oil and gas company reported $0.30 earnings per share 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 analyst estimates of $141.00 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. On average, equities research analysts expect that GeoPark will post 1.97 earnings per share for the current year.

Hedge Funds Weigh In On GeoPark

Hedge funds have recently added to or reduced their stakes in the stock. Investment Counsel Co. of Nevada bought a new position in GeoPark during the 4th quarter worth $48,000. R Squared Ltd bought a new position in GeoPark during the 4th quarter worth $50,000. Public Employees Retirement System of Ohio bought a new position in GeoPark during the 3rd quarter worth $44,000. Blue Trust Inc. increased its stake in GeoPark by 25.6% during the 4th quarter. Blue Trust Inc. now owns 6,142 shares of the oil and gas company’s stock worth $57,000 after acquiring an additional 1,252 shares during the period. Finally, Barclays PLC increased its stake in GeoPark by 392.3% during the 3rd quarter. Barclays PLC now owns 8,974 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 7,151 shares during the period. Institutional investors own 68.21% of the company’s stock.

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.