GeoPark (NYSE:GPRK) Lowered to Buy Rating by StockNews.com

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

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

GeoPark Stock Up 3.6 %

NYSE GPRK opened at $11.24 on Tuesday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.28 and a quick ratio of 1.23. GeoPark has a 1 year low of $7.24 and a 1 year high of $11.72. The stock has a market capitalization of $575.04 million, a PE ratio of 5.71 and a beta of 1.37. The business’s 50-day moving average is $8.63 and its 200 day moving average is $9.22.

GeoPark (NYSE:GPRK) last released its earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.11). GeoPark had a return on equity of 57.93% and a net margin of 14.97%. The company had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.99 million. Sell-side analysts forecast that GeoPark will post 2.56 earnings per share for the current year.

Institutional Investors Weigh In On GeoPark

Institutional investors have recently added to or reduced their stakes in the stock. Employees Retirement System of Texas bought a new position in shares of GeoPark during the second quarter worth $34,000. nVerses Capital LLC bought a new position in shares of GeoPark during the 2nd quarter valued at about $35,000. Blue Trust Inc. bought a new position in shares of GeoPark during the 3rd quarter valued at about $38,000. Public Employees Retirement System of Ohio purchased a new position in shares of GeoPark during the third quarter valued at about $44,000. Finally, Barclays PLC lifted its position in shares of GeoPark by 392.3% in the third quarter. Barclays PLC now owns 8,974 shares of the oil and gas company’s stock worth $71,000 after buying an additional 7,151 shares in the last quarter. 68.21% of the stock is owned by hedge funds and other institutional investors.

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.