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

Key Points

• Geopark (NYSE:GPRK) received a rating downgrade from "hold" to "sell" by Wall Street Zen, indicating a negative outlook for the stock.
• The company's recent earnings report showed $0.27 earnings per share, surpassing expectations, but revenue fell short of consensus estimates at $119.80 million.
• Approximately 68.21% of Geopark's stock is owned by hedge funds and institutional investors, reflecting significant institutional interest in the company.

Geopark (NYSE:GPRK - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Geopark Stock Performance

Shares of NYSE GPRK opened at $6.46 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.92 and a current ratio of 2.47. The company has a market capitalization of $330.82 million, a PE ratio of 7.78 and a beta of 0.77. Geopark has a 1 year low of $5.66 and a 1 year high of $11.72. The company's fifty day moving average price is $6.93 and its 200 day moving average price is $7.40.

Geopark (NYSE:GPRK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. The business had revenue of $119.80 million for the quarter, compared to the consensus estimate of $123.00 million. Geopark had a net margin of 7.70% and a return on equity of 35.65%. On average, research analysts predict that Geopark will post 1.97 earnings per share for the current year.

Hedge Funds Weigh In On Geopark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SVB Wealth LLC purchased a new position in Geopark during the first quarter valued at $27,000. Investment Counsel Co. of Nevada purchased a new position in Geopark during the fourth quarter valued at $48,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Geopark in the first quarter valued at about $99,000. Hsbc Holdings PLC acquired a new stake in shares of Geopark in the first quarter valued at about $100,000. Finally, R Squared Ltd acquired a new stake in shares of Geopark in the second quarter valued at about $113,000. 68.21% of the stock is owned by hedge funds and other institutional investors.

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.

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