Geopark (NYSE:GPRK) Rating Increased to Hold at Zacks Research

Geopark (NYSE:GPRK) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other research firms have also weighed in on GPRK. Weiss Ratings reissued a “sell (d+)” rating on shares of Geopark in a research note on Monday. Wall Street Zen upgraded Geopark from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Geopark Price Performance

Shares of Geopark stock opened at $7.25 on Thursday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 2.57 and a current ratio of 2.63. Geopark has a 52-week low of $5.66 and a 52-week high of $11.67. The company has a fifty day moving average of $7.67 and a 200-day moving average of $6.98. The stock has a market capitalization of $371.67 million, a price-to-earnings ratio of 11.16 and a beta of 0.47.

Geopark (NYSE:GPRK) last issued its earnings results on Wednesday, November 5th. The oil and gas company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. Geopark had a net margin of 6.45% and a return on equity of 33.42%. The company had revenue of $125.10 million for the quarter, compared to analysts’ expectations of $114.00 million. Equities research analysts expect that Geopark will post 1.97 EPS for the current year.

Hedge Funds Weigh In On Geopark

A number of hedge funds and other institutional investors have recently made changes to their positions in GPRK. UBS Group AG lifted its stake in Geopark by 81.5% in the third quarter. UBS Group AG now owns 981,131 shares of the oil and gas company’s stock worth $6,250,000 after acquiring an additional 440,706 shares during the period. Millennium Management LLC lifted its position in shares of Geopark by 41.6% in the 3rd quarter. Millennium Management LLC now owns 619,822 shares of the oil and gas company’s stock worth $3,948,000 after purchasing an additional 182,039 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Geopark by 41.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 402,871 shares of the oil and gas company’s stock worth $2,627,000 after purchasing an additional 117,909 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Geopark by 94.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 365,825 shares of the oil and gas company’s stock valued at $2,956,000 after purchasing an additional 177,496 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in shares of Geopark by 205.4% during the 3rd quarter. Jump Financial LLC now owns 351,569 shares of the oil and gas company’s stock valued at $2,239,000 after purchasing an additional 236,458 shares in the last quarter. Institutional investors own 68.21% of the company’s stock.

Geopark Company Profile

Geopark Ltd. (NYSE:GPRK) is an independent oil and gas exploration and production company focused on Latin America. Founded in 2002 and with corporate offices in Canada and regional headquarters in Bogotá, Colombia, Geopark pursues the discovery and development of unconventional and conventional hydrocarbon resources. The company’s strategy emphasizes asset consolidation in established basins alongside disciplined capital allocation to maximize production efficiency.

The company’s core operations are centered in Colombia’s Llanos Basin, where it holds interests in several producing blocks that deliver light crude oil to local and export markets.