GeoPark (NYSE:GPRK) Rating Lowered to “Buy” at StockNews.com

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

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

GeoPark Trading Up 3.6 %

Shares of NYSE GPRK opened at $11.24 on Tuesday. GeoPark has a fifty-two week low of $7.24 and a fifty-two week high of $11.72. The company has a market cap of $575.04 million, a price-to-earnings ratio of 5.71 and a beta of 1.37. The business’s 50 day moving average price is $8.63 and its 200-day moving average price is $9.22. 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 announced its quarterly 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 net margin of 14.97% and a return on equity of 57.93%. On average, sell-side analysts expect that GeoPark will post 2.56 earnings per share for the current year.

Institutional Investors Weigh In On GeoPark

A number of large investors have recently bought and sold shares of the company. Employees Retirement System of Texas acquired a new stake in GeoPark during the 2nd quarter worth about $34,000. nVerses Capital LLC acquired a new stake in GeoPark during the second quarter worth about $35,000. Armstrong Fleming & Moore Inc grew its holdings in GeoPark by 2.7% during the third quarter. Armstrong Fleming & Moore Inc now owns 187,726 shares of the oil and gas company’s stock worth $1,477,000 after acquiring an additional 4,859 shares during the period. Blue Trust Inc. purchased a new position in GeoPark during the third quarter valued at approximately $38,000. Finally, Public Employees Retirement System of Ohio acquired a new position in GeoPark in the third quarter valued at approximately $44,000. Hedge funds and other 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.