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

GeoPark (NYSE:GPRK) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released 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 Stock Up 7.3 %

Shares of GeoPark stock traded up $0.71 on Monday, reaching $10.41. The company’s stock had a trading volume of 1,885,808 shares, compared to its average volume of 398,576. The company has a market capitalization of $532.58 million, a price-to-earnings ratio of 5.28 and a beta of 1.31. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 2.53. GeoPark has a 52 week low of $7.24 and a 52 week high of $11.25. The firm’s fifty day simple moving average is $8.34 and its two-hundred day simple moving average is $9.19.

GeoPark (NYSE:GPRK) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.11). The business had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. Equities analysts anticipate that GeoPark will post 2.95 earnings per share for the current year.

Hedge Funds Weigh In On GeoPark

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. purchased a new stake in GeoPark in the 3rd quarter worth $38,000. Liontrust Investment Partners LLP purchased a new stake in shares of GeoPark in the second quarter worth about $460,000. Dynamic Technology Lab Private Ltd bought a new position in GeoPark during the third quarter valued at approximately $294,000. Deltec Asset Management LLC grew its holdings in GeoPark by 997.3% during the 3rd quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company’s stock valued at $1,036,000 after buying an additional 119,678 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in 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 worth $1,701,000 after acquiring an additional 82,459 shares during 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.