Zacks Investment Research Upgrades GeoPark (NYSE:GPRK) to Strong-Buy

GeoPark (NYSE:GPRKGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The brokerage currently has a $18.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.80% from the company’s current price.

According to Zacks, “GeoPark Ltd is an explorer, operator and consolidator of oil and gas. The company operates primarily in Chile, Colombia, Brazil and Argentina. GeoPark Ltd is based in Hamilton, Bermuda. “

Separately, StockNews.com began coverage on shares of GeoPark in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock.

Shares of GPRK stock traded up $0.14 during trading hours on Tuesday, hitting $16.10. 378,143 shares of the company were exchanged, compared to its average volume of 331,262. GeoPark has a 1 year low of $9.50 and a 1 year high of $17.58. The business’s fifty day moving average price is $14.76. The stock has a market cap of $969.83 million, a price-to-earnings ratio of 16.26 and a beta of 1.73.

GeoPark (NYSE:GPRKGet Rating) last posted its quarterly earnings results on Wednesday, March 9th. The oil and gas company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.09. GeoPark had a net margin of 8.87% and a negative return on equity of 63.92%. The firm had revenue of $202.40 million for the quarter, compared to analyst estimates of $193.94 million. On average, sell-side analysts expect that GeoPark will post 5.03 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Newfoundland Capital Management purchased a new stake in shares of GeoPark during the third quarter valued at approximately $4,000,000. VR Advisory Services Ltd raised its stake in shares of GeoPark by 58.1% during the third quarter. VR Advisory Services Ltd now owns 280,460 shares of the oil and gas company’s stock valued at $3,464,000 after purchasing an additional 103,100 shares during the period. Petrus Trust Company LTA purchased a new stake in shares of GeoPark during the third quarter valued at approximately $196,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of GeoPark during the fourth quarter valued at approximately $161,000. Finally, BNP Paribas Asset Management Holding S.A. grew its position in shares of GeoPark by 13.7% during the third quarter. BNP Paribas Asset Management Holding S.A. now owns 248,078 shares of the oil and gas company’s stock worth $3,165,000 after buying an additional 29,804 shares in the last quarter. Institutional investors own 36.89% of the company’s stock.

GeoPark Company Profile (Get Rating)

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, Peru, and Ecuador. As of December 31, 2019, the company had working and/or economic interests in 31 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field.

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