GeoPark (NYSE:GPRK) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

GeoPark (NYSE:GPRK) had its price target decreased by equities research analysts at JPMorgan Chase & Co. from $12.00 to $11.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 34.64% from the company’s current price.

Separately, StockNews.com downgraded shares of GeoPark from a “strong-buy” rating to a “buy” rating in a research note on Monday.

GeoPark Stock Performance

GeoPark stock traded up $0.02 during trading on Wednesday, hitting $8.17. The stock had a trading volume of 117,574 shares, compared to its average volume of 396,486. The company has a quick ratio of 1.10, a current ratio of 1.16 and a debt-to-equity ratio of 2.83. The stock’s 50 day moving average is $8.23 and its two-hundred day moving average is $9.38. GeoPark has a 1 year low of $7.24 and a 1 year high of $11.25. The stock has a market cap of $452.03 million, a price-to-earnings ratio of 4.00 and a beta of 1.32.

GeoPark (NYSE:GPRK) last posted its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). GeoPark had a return on equity of 60.77% and a net margin of 14.28%. The firm had revenue of $190.20 million for the quarter, compared to the consensus estimate of $182.74 million. As a group, analysts predict that GeoPark will post 3.09 EPS for the current year.

Hedge Funds Weigh In On GeoPark

A number of large investors have recently modified their holdings of GPRK. Deltec Asset Management LLC raised its position in shares of GeoPark by 997.3% in the third quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company’s stock worth $1,036,000 after buying an additional 119,678 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of GeoPark in the 3rd quarter valued at about $38,000. Armstrong Fleming & Moore Inc boosted its position in shares of GeoPark by 2.7% during the 3rd quarter. Armstrong Fleming & Moore Inc now owns 187,726 shares of the oil and gas company’s stock valued at $1,477,000 after acquiring an additional 4,859 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of GeoPark during the third quarter worth about $320,000. Finally, Annex Advisory Services LLC raised its stake in GeoPark by 137.3% in the third quarter. Annex Advisory Services LLC now owns 128,750 shares of the oil and gas company’s stock valued at $1,013,000 after purchasing an additional 74,485 shares in the last quarter. 68.21% of the stock is currently owned by institutional investors.

GeoPark Company Profile

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.