Geopark (NYSE:GPRK) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded GeoPark from Buy to Hold. Overall analyst consensus is Hold, with a $13.50 target price; Jefferies raised its target to $13.50 and maintained a Buy rating.
• GeoPark reported quarterly earnings of $0.10 per share on revenue of $116.17 million, with a 16% net margin.
• Shares opened at $9.44, below their 50-day moving average of $11.13; the stock’s 52-week range is $6.84 to $13.13.

Geopark (NYSE:GPRK - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently commented on GPRK. Jefferies Financial Group increased their price objective on Geopark from $12.00 to $13.50 and gave the company a "buy" rating in a report on Thursday, October 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Geopark in a report on Thursday, October 15th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Geopark presently has a consensus rating of "Hold" and a consensus target price of $13.50.

Geopark Stock Performance

Shares of Geopark stock opened at $9.44 on Friday. The business has a 50 day moving average price of $11.13 and a 200-day moving average price of $9.81. The company has a market cap of $488.35 million, a PE ratio of 6.53 and a beta of 0.37. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.21. Geopark has a 52 week low of $6.84 and a 52 week high of $13.13.

Geopark (NYSE:GPRK - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The oil and gas company reported $0.10 EPS for the quarter. The business had revenue of $116.17 million during the quarter. Geopark had a net margin of 16.00% and a return on equity of 31.33%.

Insider Transactions at Geopark

In other Geopark news, Director James Park sold 100,000 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $11.92, for a total transaction of $1,192,000.00. Following the completion of the sale, the director directly owned 692,118 shares in the company, valued at approximately $8,250,046.56. The trade was a 12.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in shares of Geopark by 21.2% during the first quarter. Renaissance Technologies LLC now owns 3,309,031 shares of the oil and gas company's stock valued at $31,436,000 after acquiring an additional 578,178 shares during the last quarter. Flax Pond Capital LLC purchased a new stake in shares of Geopark in the 1st quarter worth approximately $3,352,000. Sycale Advisors NY LLC acquired a new stake in shares of Geopark during the 1st quarter valued at about $3,222,000. Armstrong Fleming & Moore Inc boosted its stake in shares of Geopark by 1.8% in the third quarter. Armstrong Fleming & Moore Inc now owns 241,517 shares of the oil and gas company's stock valued at $2,524,000 after purchasing an additional 4,357 shares during the period. Finally, Apollon Wealth Management LLC raised its stake in shares of Geopark by 4.5% during the third quarter. Apollon Wealth Management LLC now owns 232,808 shares of the oil and gas company's stock worth $2,433,000 after purchasing an additional 10,008 shares during the last quarter. 68.21% of the stock is currently owned by institutional investors and hedge funds.

Geopark Company Profile

GeoPark Limited is an independent Latin American oil and natural gas exploration and production company. Its activities include identifying prospective hydrocarbon resources, acquiring and developing oil and gas assets, drilling wells, and producing and selling crude oil and natural gas.

Founded in 2002, the company has built a portfolio of upstream assets in South America. Its operations have included the Llanos and Putumayo basins in Colombia, as well as assets in Brazil, Chile, Peru and Argentina at various points in its history.

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