StockNews.com Downgrades GeoPark (NYSE:GPRK) to Buy

GeoPark (NYSE:GPRK) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Separately, JPMorgan Chase & Co. upped their target price on shares of GeoPark from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday.

GeoPark Price Performance

GeoPark stock opened at $7.99 on Thursday. GeoPark has a 52-week low of $7.24 and a 52-week high of $11.25. The firm has a market capitalization of $442.07 million, a price-to-earnings ratio of 3.92 and a beta of 1.32. The company has a fifty day simple moving average of $8.82 and a 200-day simple moving average of $9.60. The company has a quick ratio of 1.10, a current ratio of 1.16 and a debt-to-equity ratio of 2.83.

GeoPark (NYSE:GPRK) last released its earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). GeoPark had a return on equity of 60.77% and a net margin of 14.28%. The business had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $182.74 million. On average, equities analysts anticipate that GeoPark will post 3.18 EPS for the current fiscal year.

Institutional Trading of GeoPark

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new position in shares of GeoPark during the first quarter worth approximately $28,000. Employees Retirement System of Texas purchased a new position in shares of GeoPark during the second quarter worth approximately $34,000. nVerses Capital LLC purchased a new position in shares of GeoPark during the second quarter worth approximately $35,000. Virtu Financial LLC purchased a new position in shares of GeoPark during the first quarter worth approximately $192,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of GeoPark during the second quarter worth approximately $244,000. 68.21% of the stock is currently owned by hedge funds and other institutional investors.

About GeoPark

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.