Geopark (NYSE:GPRK) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Geopark Ltd (NYSE:GPRK)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.65 and traded as high as $8.46. Geopark shares last traded at $8.4460, with a volume of 689,701 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have commented on GPRK shares. Weiss Ratings raised Geopark from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Zacks Research upgraded shares of Geopark to a “hold” rating in a research note on Thursday, January 1st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Geopark currently has an average rating of “Hold”.

Geopark Stock Performance

The company has a debt-to-equity ratio of 2.70, a current ratio of 2.63 and a quick ratio of 2.57. The company has a market capitalization of $432.86 million, a PE ratio of 12.99 and a beta of 0.47. The stock has a 50-day simple moving average of $7.65 and a 200 day simple moving average of $7.13.

Hedge Funds Weigh In On Geopark

Hedge funds have recently added to or reduced their stakes in the business. State of Wyoming raised its position in Geopark by 39.2% during the third quarter. State of Wyoming now owns 9,727 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 2,740 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Geopark during the 2nd quarter worth approximately $99,000. R Squared Ltd acquired a new position in shares of Geopark during the 2nd quarter worth approximately $113,000. PharVision Advisers LLC purchased a new stake in Geopark in the 3rd quarter valued at approximately $117,000. Finally, Virtus Investment Advisers LLC grew its holdings in Geopark by 42.7% during the 2nd quarter. Virtus Investment Advisers LLC now owns 23,373 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 6,991 shares during the last quarter. 68.21% of the stock is currently owned by hedge funds and other institutional investors.

About Geopark

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.