JPMorgan Chase & Co. Issues Pessimistic Forecast for GeoPark (NYSE:GPRK) Stock Price

GeoPark (NYSE:GPRK - Get Free Report) had its price target reduced by investment analysts at JPMorgan Chase & Co. from $12.00 to $11.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an "overweight" rating on the oil and gas company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 34.15% from the stock's current price.

Separately, StockNews.com cut shares of GeoPark from a "strong-buy" rating to a "buy" rating in a research report on Monday.

GeoPark Stock Up 0.6 %

Shares of NYSE GPRK traded up $0.05 during midday trading on Wednesday, hitting $8.20. 251,768 shares of the company's stock were exchanged, compared to its average volume of 397,125. The firm's fifty day simple moving average is $8.23 and its 200-day simple moving average is $9.38. The company has a market cap of $453.69 million, a PE ratio of 4.00 and a beta of 1.32. GeoPark has a twelve month low of $7.24 and a twelve month high of $11.25. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.10.

GeoPark (NYSE:GPRK - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). GeoPark had a return on equity of 60.77% and a net margin of 14.28%. The company had revenue of $190.20 million for the quarter, compared to analyst estimates of $182.74 million. Research analysts predict that GeoPark will post 3.09 EPS for the current fiscal year.

Hedge Funds Weigh In On GeoPark

A number of hedge funds have recently modified their holdings of GPRK. EverSource Wealth Advisors LLC acquired a new stake in GeoPark during the 1st quarter worth $28,000. Employees Retirement System of Texas acquired a new stake in shares of GeoPark during the second quarter worth about $34,000. nVerses Capital LLC acquired a new stake in shares of GeoPark during the second quarter worth about $35,000. Blue Trust Inc. purchased a new position in shares of GeoPark during the third quarter worth about $38,000. Finally, Virtu Financial LLC acquired a new position in GeoPark in the 1st quarter valued at about $192,000. 68.21% of the stock is currently owned by hedge funds and other institutional investors.

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.