GeoPark (NYSE:GPRK) PT Raised to $12.00 at JPMorgan Chase & Co.

GeoPark (NYSE:GPRK) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from $11.50 to $12.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 45.10% from the company’s current price.

Separately, StockNews.com raised shares of GeoPark from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 19th.

GeoPark Stock Performance

Shares of GeoPark stock traded down $0.11 on Wednesday, reaching $8.27. 64,720 shares of the company were exchanged, compared to its average volume of 410,977. GeoPark has a 1-year low of $7.24 and a 1-year high of $11.25. The firm has a market cap of $458.74 million, a price-to-earnings ratio of 4.05 and a beta of 1.32. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.10 and a current ratio of 1.16. The company’s 50-day moving average is $8.91 and its two-hundred day moving average is $9.62.

GeoPark (NYSE:GPRK) last posted its earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share (EPS) 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 company had revenue of $190.20 million during the quarter, compared to the consensus estimate of $182.74 million. As a group, research analysts expect that GeoPark will post 3.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new stake in GeoPark in the first quarter worth about $28,000. Employees Retirement System of Texas bought a new stake in shares of GeoPark during the 2nd quarter worth about $34,000. nVerses Capital LLC acquired a new stake in shares of GeoPark in the 2nd quarter worth approximately $35,000. Virtu Financial LLC bought a new position in shares of GeoPark in the first quarter valued at approximately $192,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of GeoPark during the second quarter valued at approximately $244,000. Institutional investors own 68.21% of the company’s stock.

About GeoPark

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.