GeoPark Limited (NYSE:GPRK - Get Free Report) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,430,000 shares, an increase of 20.2% from the January 15th total of 1,190,000 shares. Based on an average trading volume of 713,900 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.8% of the shares of the stock are short sold.
Institutional Investors Weigh In On GeoPark
Several hedge funds and other institutional investors have recently made changes to their positions in GPRK. Blue Trust Inc. purchased a new stake in GeoPark in the 3rd quarter worth about $38,000. Investment Counsel Co. of Nevada purchased a new stake in shares of GeoPark in the fourth quarter worth approximately $48,000. R Squared Ltd bought a new stake in shares of GeoPark during the 4th quarter worth approximately $50,000. Public Employees Retirement System of Ohio purchased a new position in GeoPark during the 3rd quarter valued at $44,000. Finally, Barclays PLC grew its position in GeoPark by 392.3% in the 3rd quarter. Barclays PLC now owns 8,974 shares of the oil and gas company's stock valued at $71,000 after acquiring an additional 7,151 shares during the last quarter. Hedge funds and other institutional investors own 68.21% of the company's stock.
GeoPark Trading Up 2.4 %
NYSE:GPRK traded up $0.22 during midday trading on Wednesday, hitting $9.35. 308,883 shares of the company traded hands, compared to its average volume of 803,491. The firm has a market capitalization of $478.35 million, a P/E ratio of 4.75 and a beta of 1.34. The firm's fifty day moving average is $9.77 and its 200-day moving average is $9.00. GeoPark has a 12-month low of $7.24 and a 12-month high of $11.72. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 2.53.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on GPRK shares. StockNews.com downgraded GeoPark from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their price objective on shares of GeoPark from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th.
Read Our Latest Research Report on GeoPark
GeoPark Company Profile
(
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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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