Geopark (NYSE:GPRK) Stock Crosses Above 50 Day Moving Average – What’s Next?

Geopark Ltd (NYSE:GPRK)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.65 and traded as high as $8.46. Geopark shares last traded at $8.4460, with a volume of 689,701 shares.

Analysts Set New Price Targets

GPRK has been the topic of a number of recent analyst reports. Zacks Research raised shares of Geopark to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings raised Geopark from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Geopark Stock Performance

The company has a current ratio of 2.63, a quick ratio of 2.57 and a debt-to-equity ratio of 2.70. The stock has a market cap of $432.86 million, a price-to-earnings ratio of 12.99 and a beta of 0.47. The stock’s 50 day moving average is $7.65 and its two-hundred day moving average is $7.13.

Institutional Investors Weigh In On Geopark

Large investors have recently modified their holdings of the stock. Freestone Capital Holdings LLC acquired a new position in shares of Geopark during the second quarter worth about $1,042,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Geopark in the 2nd quarter valued at approximately $1,489,000. Empirical Finance LLC increased its position in Geopark by 73.9% during the 2nd quarter. Empirical Finance LLC now owns 210,227 shares of the oil and gas company’s stock worth $1,371,000 after purchasing an additional 89,304 shares during the period. Virtus Investment Advisers LLC increased its position in Geopark by 42.7% during the 2nd quarter. Virtus Investment Advisers LLC now owns 23,373 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 6,991 shares during the period. Finally, Entropy Technologies LP purchased a new position in shares of Geopark during the 2nd quarter worth approximately $99,000. Hedge funds and other institutional investors own 68.21% of the company’s stock.

About Geopark

Geopark Ltd. (NYSE:GPRK) is an independent oil and gas exploration and production company focused on Latin America. Founded in 2002 and with corporate offices in Canada and regional headquarters in Bogotá, Colombia, Geopark pursues the discovery and development of unconventional and conventional hydrocarbon resources. The company’s strategy emphasizes asset consolidation in established basins alongside disciplined capital allocation to maximize production efficiency.

The company’s core operations are centered in Colombia’s Llanos Basin, where it holds interests in several producing blocks that deliver light crude oil to local and export markets.