GeoPark (NYSE:GPRK) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Wednesday, ValuEngine reports.
Separately, GMP Securities began coverage on GeoPark in a research report on Friday, July 26th. They set a “buy” rating and a $26.00 price target on the stock.
Shares of GeoPark stock opened at $19.06 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 3.27. The business’s 50 day simple moving average is $18.39 and its 200-day simple moving average is $17.50. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 12.97 and a beta of 0.65. GeoPark has a twelve month low of $10.89 and a twelve month high of $20.30.
Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of GeoPark by 7.8% in the second quarter. Renaissance Technologies LLC now owns 4,180,700 shares of the oil and gas company’s stock valued at $77,510,000 after purchasing an additional 302,800 shares during the last quarter. BlackRock Inc. grew its position in GeoPark by 439.3% during the second quarter. BlackRock Inc. now owns 486,302 shares of the oil and gas company’s stock worth $9,016,000 after buying an additional 396,127 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in GeoPark by 7.6% during the second quarter. Jupiter Asset Management Ltd. now owns 473,563 shares of the oil and gas company’s stock worth $8,785,000 after buying an additional 33,637 shares in the last quarter. Putnam Investments LLC grew its position in GeoPark by 27.9% during the second quarter. Putnam Investments LLC now owns 426,936 shares of the oil and gas company’s stock worth $7,916,000 after buying an additional 93,029 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in GeoPark by 101.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 351,955 shares of the oil and gas company’s stock worth $6,525,000 after buying an additional 177,555 shares in the last quarter. 30.06% of the stock is currently owned by institutional investors.
GeoPark Company Profile
GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Peru, Argentina, and Ecuador. As of December 31, 2017, the company had working and/or economic interests in 24 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field.
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