GeoPark (NYSE:GPRK) Cut to Buy at StockNews.com

GeoPark (NYSE:GPRK - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Tuesday.

Separately, JPMorgan Chase & Co. lowered their target price on GeoPark from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th.

GeoPark Trading Down 2.9 %

NYSE GPRK traded down $0.28 on Tuesday, reaching $9.16. The stock had a trading volume of 840,381 shares, compared to its average volume of 917,553. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 2.53. The stock has a fifty day moving average price of $9.95 and a two-hundred day moving average price of $9.12. GeoPark has a 12-month low of $7.24 and a 12-month high of $11.72. The firm has a market capitalization of $468.37 million, a price-to-earnings ratio of 4.65 and a beta of 1.35.

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 for the quarter, missing the consensus estimate of $0.59 by ($0.11). The company had revenue of $159.50 million for the quarter, compared to analysts' expectations of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. As a group, sell-side analysts forecast that GeoPark will post 2.12 EPS for the current fiscal year.

Hedge Funds Weigh In On GeoPark

A number of institutional investors and hedge funds have recently bought and sold shares of GPRK. Blue Trust Inc. bought a new position in shares of GeoPark during the third quarter valued at approximately $38,000. Public Employees Retirement System of Ohio bought a new position in GeoPark during the 3rd quarter worth $44,000. R Squared Ltd acquired a new stake in GeoPark in the fourth quarter worth $50,000. Barclays PLC lifted its stake in GeoPark by 392.3% in the third quarter. Barclays PLC now owns 8,974 shares of the oil and gas company's stock valued at $71,000 after buying an additional 7,151 shares during the last quarter. Finally, DGS Capital Management LLC acquired a new position in shares of GeoPark during the third quarter valued at $148,000. Hedge funds and other institutional investors own 68.21% of the company's stock.

GeoPark Company Profile

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.