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 investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Geopark Price Performance

NYSE GPRK traded up $0.06 during trading hours on Friday, reaching $6.69. 183,809 shares of the company's stock were exchanged, compared to its average volume of 842,909. The stock has a market cap of $342.94 million, a PE ratio of 8.04 and a beta of 0.77. Geopark has a one year low of $5.66 and a one year high of $11.72. The firm has a fifty day moving average of $6.92 and a 200-day moving average of $7.34. The company has a current ratio of 2.47, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92.

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, topping the consensus estimate of $0.15 by $0.12. Geopark had a return on equity of 35.65% and a net margin of 7.70%. The firm had revenue of $119.80 million for the quarter, compared to the consensus estimate of $123.00 million. On average, equities research analysts predict that Geopark will post 1.97 earnings per share for the current fiscal year.

Institutional Trading of Geopark

Hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its stake in Geopark by 139.9% in the 1st quarter. Millennium Management LLC now owns 594,154 shares of the oil and gas company's stock valued at $4,801,000 after purchasing an additional 346,521 shares during the last quarter. Armstrong Fleming & Moore Inc acquired a new stake in Geopark in the 2nd quarter valued at about $1,351,000. Glenorchy Capital Ltd acquired a new stake in Geopark in the 4th quarter valued at about $1,669,000. Goldman Sachs Group Inc. lifted its stake in Geopark by 94.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 365,825 shares of the oil and gas company's stock valued at $2,956,000 after purchasing an additional 177,496 shares during the last quarter. Finally, Freestone Capital Holdings LLC acquired a new stake in Geopark in the 2nd quarter valued at about $1,042,000. Institutional investors and hedge funds 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.