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

StockNews.com lowered shares of GeoPark (NYSE:GPRK) from a strong-buy rating to a buy rating in a research report released on Monday morning.

Separately, JPMorgan Chase & Co. increased their price target on shares of GeoPark from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th.

GeoPark Stock Performance

NYSE:GPRK opened at $7.84 on Monday. The firm has a market capitalization of $433.77 million, a PE ratio of 3.85 and a beta of 1.32. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.10. The business’s fifty day moving average price is $8.21 and its 200 day moving average price is $9.37. GeoPark has a 12 month low of $7.24 and a 12 month high of $11.25.

GeoPark (NYSE:GPRK) last issued its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). GeoPark had a net margin of 14.28% and a return on equity of 60.77%. The firm had revenue of $190.20 million during the quarter, compared to analysts’ expectations of $182.74 million. On average, sell-side analysts anticipate that GeoPark will post 3.09 earnings per share for the current fiscal year.

GeoPark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.147 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 7.50%. GeoPark’s payout ratio is 28.43%.

Institutional Investors Weigh In On GeoPark

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in shares of GeoPark by 77.4% during the third quarter. Principal Financial Group Inc. now owns 366,380 shares of the oil and gas company’s stock worth $2,883,000 after purchasing an additional 159,861 shares in the last quarter. Deltec Asset Management LLC lifted its holdings in GeoPark by 997.3% in the 3rd quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company’s stock worth $1,036,000 after buying an additional 119,678 shares in the last quarter. Blue Trust Inc. purchased a new position in GeoPark in the 3rd quarter valued at about $38,000. Armstrong Fleming & Moore Inc grew its stake in shares of GeoPark by 2.7% during the third quarter. Armstrong Fleming & Moore Inc now owns 187,726 shares of the oil and gas company’s stock valued at $1,477,000 after acquiring an additional 4,859 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of GeoPark during the third quarter worth about $320,000. 68.21% of the stock is currently owned by hedge funds and other institutional investors.

GeoPark Company Profile

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.