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

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

Separately, JPMorgan Chase & Co. decreased their price objective on GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th.

GeoPark Stock Performance

Shares of NYSE:GPRK opened at $10.48 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 2.53. GeoPark has a 1-year low of $7.24 and a 1-year high of $11.72. The stock has a market capitalization of $535.90 million, a P/E ratio of 5.32 and a beta of 1.35. The business has a 50-day moving average price of $9.79 and a two-hundred day moving average price of $9.16.

GeoPark (NYSE:GPRK) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.11). GeoPark had a net margin of 14.97% and a return on equity of 57.93%. The business had revenue of $159.50 million during the quarter, compared to analyst estimates of $156.99 million. Equities analysts predict that GeoPark will post 2.3 earnings per share for the current year.

Hedge Funds Weigh In On GeoPark

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in 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 acquiring an additional 159,861 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of GeoPark during the 3rd quarter valued at about $2,834,000. Mackenzie Financial Corp bought a new position in shares of GeoPark during the 2nd quarter valued at about $2,929,000. GSA Capital Partners LLP grew its position in shares of GeoPark by 61.7% in the 3rd quarter. GSA Capital Partners LLP now owns 216,084 shares of the oil and gas company’s stock valued at $1,701,000 after purchasing an additional 82,459 shares during the period. Finally, Armstrong Fleming & Moore Inc increased its stake in GeoPark by 2.7% during the 3rd quarter. Armstrong Fleming & Moore Inc now owns 187,726 shares of the oil and gas company’s stock worth $1,477,000 after purchasing an additional 4,859 shares in the last quarter. Institutional investors and hedge funds own 68.21% of the company’s stock.

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.