StockNews.com downgraded shares of GeoPark (NYSE:GPRK - Free Report) from a strong-buy rating to a buy rating in a report released on Saturday morning.
Separately, JPMorgan Chase & Co. dropped their price target on GeoPark from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th.
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GeoPark Stock Performance
Shares of NYSE:GPRK traded up $0.04 on Friday, reaching $8.81. 786,762 shares of the company's stock were exchanged, compared to its average volume of 426,469. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 2.53. GeoPark has a twelve month low of $7.24 and a twelve month high of $11.72. The company has a fifty day moving average of $9.06 and a 200-day moving average of $9.18. The company has a market capitalization of $450.75 million, a price-to-earnings ratio of 4.47 and a beta of 1.37.
GeoPark (NYSE:GPRK - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.11). The company had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. On average, research analysts predict that GeoPark will post 2.56 EPS for the current fiscal year.
GeoPark Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were issued a $0.147 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date of this dividend was Thursday, November 21st. GeoPark's dividend payout ratio is presently 29.44%.
Hedge Funds Weigh In On GeoPark
A number of institutional investors have recently modified their holdings of the business. Employees Retirement System of Texas acquired a new position in GeoPark during the 2nd quarter worth approximately $34,000. nVerses Capital LLC bought a new position in shares of GeoPark in the 2nd quarter valued at $35,000. Blue Trust Inc. acquired a new stake in shares of GeoPark during the 3rd quarter valued at $38,000. Public Employees Retirement System of Ohio bought a new stake in GeoPark during the 3rd quarter worth $44,000. Finally, Barclays PLC grew its position in GeoPark by 392.3% during the 3rd quarter. Barclays PLC now owns 8,974 shares of the oil and gas company's stock worth $71,000 after acquiring an additional 7,151 shares during the last quarter. Institutional investors and hedge funds own 68.21% of the company's stock.
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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