Geopark (NYSE:GPRK) Cut to “Hold” at Wall Street Zen

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

Several other equities research analysts have also recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Geopark in a research note on Thursday, October 15th. Jefferies Financial Group increased their price target on Geopark from $12.00 to $13.50 and gave the stock a “buy” rating in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Geopark presently has a consensus rating of “Hold” and a consensus price target of $13.50.

Geopark Stock Performance

NYSE GPRK opened at $9.43 on Friday. The firm has a market cap of $487.42 million, a P/E ratio of 7.43 and a beta of 0.37. Geopark has a 52-week low of $6.84 and a 52-week high of $13.13. The business’s 50-day moving average price is $11.12 and its 200 day moving average price is $9.82. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.21.

Geopark (NYSE:GPRK) last posted its quarterly earnings data on Tuesday, November 3rd. The oil and gas company reported $0.10 EPS for the quarter. Geopark had a return on equity of 23.88% and a net margin of 14.43%. The firm had revenue of $116.17 million during the quarter.

Insider Activity

In other news, Director James Park sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $11.92, for a total transaction of $1,192,000.00. Following the transaction, the director directly owned 692,118 shares in the company, valued at $8,250,046.56. The trade was a 12.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Investors Weigh In On Geopark

A number of hedge funds have recently added to or reduced their stakes in the company. State of Wyoming raised its stake in shares of Geopark by 3.4% during the 3rd 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 in the last quarter. Armstrong Fleming & Moore Inc lifted its holdings in shares of Geopark by 1.8% in the 3rd quarter. Armstrong Fleming & Moore Inc now owns 241,517 shares of the oil and gas company’s stock valued at $2,524,000 after buying an additional 4,357 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of Geopark by 4.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 232,808 shares of the oil and gas company’s stock valued at $2,433,000 after buying an additional 10,008 shares during the period. Pale Fire Capital SE lifted its holdings in shares of Geopark by 194.4% in the 2nd quarter. Pale Fire Capital SE now owns 63,300 shares of the oil and gas company’s stock valued at $576,000 after buying an additional 41,800 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Geopark in the second quarter valued at approximately $29,000. Institutional investors and hedge funds 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.