Geopark (NYSE:GPRK) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Geopark (NYSE:GPRK) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Geopark in a research note on Thursday, October 15th. Jefferies Financial Group increased their target price on shares of Geopark from $12.00 to $13.50 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Geopark currently has an average rating of “Hold” and an average target price of $13.50.

Geopark Stock Up 3.4%

GPRK stock opened at $9.44 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.82 and a quick ratio of 1.15. The stock has a market capitalization of $488.32 million, a price-to-earnings ratio of 7.44 and a beta of 0.37. The business’s fifty day moving average price is $11.13 and its two-hundred day moving average price is $9.81. Geopark has a fifty-two week low of $6.84 and a fifty-two week high of $13.13.

Geopark (NYSE:GPRK) last posted its earnings results on Tuesday, November 3rd. The oil and gas company reported $0.10 earnings per share for the quarter. The company had revenue of $116.17 million during the quarter. Geopark had a return on equity of 23.64% and a net margin of 14.43%.

Insider Buying and Selling

In other news, Director James Park sold 120,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $9.65, for a total value of $1,158,000.00. Following the sale, the director directly owned 792,118 shares in the company, valued at approximately $7,643,938.70. This trade represents a 13.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Geopark

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPRK. State of Wyoming increased its holdings in Geopark by 3.4% during the third quarter. State of Wyoming now owns 28,917 shares of the oil and gas company’s stock worth $302,000 after buying an additional 939 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Geopark by 4.6% in the first quarter. Lazard Asset Management LLC now owns 53,885 shares of the oil and gas company’s stock valued at $512,000 after acquiring an additional 2,383 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Geopark during the 2nd quarter valued at approximately $29,000. Bank of America Corp DE grew its position in shares of Geopark by 13.8% during the 1st quarter. Bank of America Corp DE now owns 31,504 shares of the oil and gas company’s stock valued at $299,000 after acquiring an additional 3,823 shares during the period. Finally, Armstrong Fleming & Moore Inc lifted its stake in Geopark by 1.8% in the third quarter. Armstrong Fleming & Moore Inc now owns 241,517 shares of the oil and gas company’s stock valued at $2,524,000 after purchasing an additional 4,357 shares during the last quarter. Institutional investors own 68.21% of the company’s stock.

Geopark Company Profile

GeoPark Limited is an independent Latin American oil and natural gas exploration and production company. Its activities include identifying prospective hydrocarbon resources, acquiring and developing oil and gas assets, drilling wells, and producing and selling crude oil and natural gas.

Founded in 2002, the company has built a portfolio of upstream assets in South America. Its operations have included the Llanos and Putumayo basins in Colombia, as well as assets in Brazil, Chile, Peru and Argentina at various points in its history.