GeoPark’s (GPRK) “Buy” Rating Reiterated at Canaccord Genuity Group

GeoPark (NYSE:GPRK)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a research report issued on Friday, Benzinga reports. They presently have a $14.00 price objective on the oil and gas company’s stock. Canaccord Genuity Group’s target price suggests a potential upside of 42.57% from the stock’s current price.

Several other research firms have also recently weighed in on GPRK. StockNews.com upgraded shares of GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. decreased their target price on GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Tuesday, February 20th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $13.17.

GeoPark Trading Down 0.2 %

NYSE:GPRK opened at $9.82 on Friday. The stock has a fifty day simple moving average of $9.07 and a 200 day simple moving average of $9.24. The firm has a market capitalization of $543.34 million, a price-to-earnings ratio of 5.04 and a beta of 1.30. GeoPark has a 1-year low of $8.05 and a 1-year high of $12.06. The company has a quick ratio of 1.11, a current ratio of 1.17 and a debt-to-equity ratio of 2.77.

GeoPark (NYSE:GPRK) last announced its earnings results on Wednesday, March 6th. The oil and gas company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.17). The firm had revenue of $199.70 million during the quarter, compared to analyst estimates of $212.54 million. GeoPark had a return on equity of 79.78% and a net margin of 14.69%. Sell-side analysts forecast that GeoPark will post 3.14 earnings per share for the current year.

Institutional Trading of GeoPark

Several hedge funds and other institutional investors have recently modified their holdings of GPRK. Advisor Group Holdings Inc. acquired a new position in GeoPark in the first quarter worth approximately $30,000. BNP Paribas Arbitrage SA bought a new stake in GeoPark in the second quarter worth approximately $54,000. Tower Research Capital LLC TRC increased its stake in shares of GeoPark by 1,147.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,205 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 3,868 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of GeoPark during the 2nd quarter valued at $42,000. Finally, NBC Securities Inc. lifted its stake in shares of GeoPark by 480.0% in the 4th quarter. NBC Securities Inc. now owns 5,800 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 4,800 shares during the last quarter. 68.21% of the stock is currently owned by hedge funds and other institutional investors.

GeoPark Company Profile

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.