GeoPark Limited (NYSE:GPRK)’s share price gapped down prior to trading on Monday . The stock had previously closed at $11.94, but opened at $11.00. GeoPark shares last traded at $11.14, with a volume of 114 shares trading hands.
Separately, Zacks Investment Research cut GeoPark from a “hold” rating to a “strong sell” rating in a research note on Tuesday.
The business has a fifty day moving average price of $11.52 and a two-hundred day moving average price of $13.90. The firm has a market capitalization of $663.40 million, a price-to-earnings ratio of -4.85 and a beta of 1.86.
Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of GeoPark in the first quarter valued at about $158,000. Bank of New York Mellon Corp acquired a new position in shares of GeoPark in the first quarter valued at about $199,000. PDT Partners LLC increased its holdings in shares of GeoPark by 69.7% in the second quarter. PDT Partners LLC now owns 18,230 shares of the oil and gas company’s stock valued at $231,000 after purchasing an additional 7,486 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of GeoPark in the first quarter valued at about $296,000. Finally, Millennium Management LLC acquired a new position in shares of GeoPark in the first quarter valued at about $346,000. 37.60% of the stock is currently owned by institutional investors and hedge funds.
GeoPark Company Profile (NYSE:GPRK)
GeoPark Ltd. engages in the exploration, development and production for oil and gas reserves. It operates through the following geographical segments: Chile, Brazil, Colombia, Peru, Argentina, Ecuador, and Corporate. The company was founded by Gerald Eugene O’Shaughnessy and James Franklin Park in 2002 and is headquartered in Las Condes, Chile.
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