Geopark (GPRK) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Geopark (NYSE:GPRK) from a buy rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “GeoPark Ltd is an explorer, operator and consolidator of oil and gas. The company operates primarily in Chile, Colombia, Brazil and Argentina. GeoPark Ltd is based in Hamilton, Bermuda. “

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Several other brokerages have also commented on GPRK. Canaccord Genuity reissued a buy rating and set a $13.00 price objective on shares of Geopark in a research report on Tuesday, January 9th. Scotiabank raised their price objective on Geopark from $13.00 to $14.00 and gave the company an outperform rating in a research report on Tuesday, February 6th. ValuEngine raised Geopark from a sell rating to a hold rating in a research report on Friday, February 2nd. Finally, GMP Securities reaffirmed a buy rating and issued a $20.00 price target on shares of Geopark in a research report on Friday, March 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $13.43.

Shares of Geopark stock opened at $12.17 on Wednesday. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.26 and a current ratio of 1.29. Geopark has a 12 month low of $6.48 and a 12 month high of $12.80.

Geopark (NYSE:GPRK) last announced its quarterly earnings data on Thursday, March 8th. The oil and gas company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.41). The firm had revenue of $106.30 million for the quarter, compared to analysts’ expectations of $100.00 million. Geopark had a negative net margin of 7.35% and a negative return on equity of 13.62%. equities analysts expect that Geopark will post 1.21 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Compass Group LLC purchased a new position in shares of Geopark in the 4th quarter worth about $2,242,000. Macquarie Group Ltd. raised its position in shares of Geopark by 6.5% in the 4th quarter. Macquarie Group Ltd. now owns 134,749 shares of the oil and gas company’s stock worth $1,335,000 after purchasing an additional 8,242 shares during the last quarter. Millennium Management LLC raised its position in shares of Geopark by 8.7% in the 4th quarter. Millennium Management LLC now owns 165,324 shares of the oil and gas company’s stock worth $1,638,000 after purchasing an additional 13,205 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Geopark by 40.4% in the 4th quarter. Two Sigma Investments LP now owns 56,654 shares of the oil and gas company’s stock worth $561,000 after purchasing an additional 16,292 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Geopark in the 4th quarter worth about $211,000. 19.52% of the stock is owned by hedge funds and other institutional investors.

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Geopark Company Profile

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Peru, and Argentina. As of December 31, 2016, the company had working and/or economic interests in 26 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field.

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