GeoPark (NYSE:GPRK) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of GeoPark (NYSE:GPRKFree Report) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

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

Get Our Latest Stock Report on GPRK

GeoPark Trading Down 1.5 %

GeoPark stock opened at $9.15 on Friday. GeoPark has a one year low of $7.24 and a one year high of $11.72. The stock has a market cap of $468.14 million, a PE ratio of 4.64 and a beta of 1.37. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.23 and a current ratio of 1.28. The stock has a 50-day moving average of $8.97 and a two-hundred day moving average of $9.23.

GeoPark (NYSE:GPRKGet Free Report) last released its earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.11). The company had revenue of $159.50 million during the quarter, compared to analyst estimates of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. On average, research analysts anticipate that GeoPark will post 2.56 EPS for the current fiscal year.

GeoPark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were given a dividend of $0.147 per share. This represents a $0.59 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend was Thursday, November 21st. GeoPark’s dividend payout ratio is currently 29.44%.

Institutional Trading of GeoPark

A number of hedge funds have recently modified their holdings of the stock. Employees Retirement System of Texas purchased a new stake in shares of GeoPark during the 2nd quarter worth about $34,000. nVerses Capital LLC acquired a new stake in GeoPark in the second quarter valued at approximately $35,000. Blue Trust Inc. purchased a new stake in shares of GeoPark in the third quarter valued at approximately $38,000. Public Employees Retirement System of Ohio acquired a new position in shares of GeoPark during the 3rd quarter worth approximately $44,000. Finally, Barclays PLC lifted its position in shares of GeoPark by 392.3% during the 3rd quarter. Barclays PLC now owns 8,974 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 7,151 shares in the last quarter. Hedge funds and other institutional investors own 68.21% of the company’s stock.

About GeoPark

(Get Free Report)

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.

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