GeoPark (NYSE:GPRK) Raised to Strong-Buy at StockNews.com

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

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

GeoPark Trading Up 7.5 %

NYSE:GPRK opened at $11.19 on Monday. The stock has a market cap of $572.48 million, a price-to-earnings ratio of 5.68 and a beta of 1.37. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 2.53. The company’s 50 day moving average price is $8.39 and its 200-day moving average price is $9.20. GeoPark has a 52 week low of $7.24 and a 52 week high of $11.39.

GeoPark (NYSE:GPRK) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share (EPS) 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 company had revenue of $159.50 million for the quarter, compared to the consensus estimate of $156.99 million. On average, equities research analysts forecast that GeoPark will post 2.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GeoPark

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPRK. Acadian Asset Management LLC raised its stake in GeoPark by 3,251.7% during the 2nd quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock valued at $4,139,000 after purchasing an additional 368,161 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of GeoPark during the third quarter valued at approximately $2,834,000. Mackenzie Financial Corp purchased a new position in shares of GeoPark in the second quarter worth $2,929,000. Principal Financial Group Inc. bought a new position in shares of GeoPark during the second quarter worth $2,261,000. Finally, Deltec Asset Management LLC grew its position in shares of GeoPark by 997.3% during the third quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company’s stock valued at $1,036,000 after purchasing an additional 119,678 shares in the last quarter. Institutional investors own 68.21% of the company’s stock.

About GeoPark

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.