GeoPark (NYSE:GPRK) Lowered to “Hold” Rating by StockNews.com

by · The Cerbat Gem

GeoPark (NYSE:GPRK – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

GeoPark Price Performance

GeoPark stock traded up $0.41 during trading hours on Friday, hitting $6.45. 661,472 shares of the stock were exchanged, compared to its average volume of 540,421. GeoPark has a 12 month low of $5.66 and a 12 month high of $11.72. The business’s 50-day moving average is $7.99 and its two-hundred day moving average is $8.77. 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 market capitalization of $330.29 million, a P/E ratio of 3.27 and a beta of 0.93.

GeoPark (NYSE:GPRK – Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The oil and gas company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.43). The business had revenue of $143.70 million for the quarter, compared to analyst estimates of $141.00 million. GeoPark had a net margin of 14.97% and a return on equity of 57.93%. Equities research analysts expect that GeoPark will post 1.97 EPS for the current fiscal year.

Institutional Investors Weigh In On GeoPark

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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. Glenorchy Capital Ltd acquired a new stake in shares of GeoPark in the 4th quarter valued at $1,669,000. Principal Financial Group Inc. increased its stake in shares of GeoPark by 77.4% in the 3rd quarter. Principal Financial Group Inc. now owns 366,380 shares of the oil and gas company’s stock valued at $2,883,000 after buying an additional 159,861 shares during the period. Renaissance Technologies LLC raised its position in shares of GeoPark by 5.2% during the fourth quarter. Renaissance Technologies LLC now owns 3,176,376 shares of the oil and gas company’s stock worth $29,445,000 after acquiring an additional 156,067 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of GeoPark by 55.1% during the fourth quarter. JPMorgan Chase & Co. now owns 339,337 shares of the oil and gas company’s stock valued at $3,146,000 after acquiring an additional 120,518 shares during the period. Institutional investors and hedge funds 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.

Recommended Stories