GeoPark (NYSE:GPRK) Price Target Increased to $12.00 by Analysts at JPMorgan Chase & Co.

GeoPark (NYSE:GPRK) had its target price hoisted by JPMorgan Chase & Co. from $11.50 to $12.00 in a research report report published on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and gas company’s stock.

Separately, StockNews.com upgraded shares of GeoPark from a buy rating to a strong-buy rating in a report on Monday, August 19th.

GeoPark Price Performance

GPRK stock opened at $7.99 on Wednesday. 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 P/E ratio of 3.92 and a beta of 1.32. The company has a fifty day simple moving average of $8.82 and a two-hundred 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 quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). GeoPark had a net margin of 14.28% and a return on equity of 60.77%. The company had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $182.74 million. Analysts anticipate that GeoPark will post 3.18 earnings per share for the current fiscal year.

GeoPark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $0.147 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.59 dividend on an annualized basis and a yield of 7.36%. GeoPark’s payout ratio is 28.43%.

Institutional Trading of GeoPark

A number of large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its stake in GeoPark by 3,251.7% in the 2nd quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock worth $4,139,000 after buying an additional 368,161 shares during the period. Mackenzie Financial Corp purchased a new position in shares of GeoPark during the second quarter worth approximately $2,929,000. Principal Financial Group Inc. bought a new stake in shares of GeoPark during the second quarter valued at approximately $2,261,000. Carmignac Gestion boosted its holdings in shares of GeoPark by 12.0% in the fourth quarter. Carmignac Gestion now owns 1,118,884 shares of the oil and gas company’s stock valued at $9,589,000 after purchasing an additional 120,000 shares during the period. Finally, Renaissance Technologies LLC grew its stake in GeoPark by 1.9% in the second quarter. Renaissance Technologies LLC now owns 3,246,617 shares of the oil and gas company’s stock worth $35,550,000 after purchasing an additional 61,454 shares in the last quarter. 68.21% of the stock is owned by hedge funds and other institutional investors.

GeoPark Company Profile

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.