Geopark (GPRK) Shares Up 1.4%

Geopark (NYSE:GPRK)’s share price shot up 1.4% on Wednesday . The company traded as high as $15.60 and last traded at $15.72. 11,426 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 215,895 shares. The stock had previously closed at $15.51.

A number of research firms have recently weighed in on GPRK. Zacks Investment Research lowered shares of Geopark from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Scotiabank reaffirmed an “outperform” rating and set a $16.00 price target on shares of Geopark in a research report on Thursday, April 12th. Canaccord Genuity reaffirmed a “buy” rating on shares of Geopark in a research report on Tuesday, May 8th. ValuEngine raised shares of 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 set a $20.00 price target on shares of Geopark in a research report on Friday, March 9th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $14.43.

The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 2.81. The company has a market capitalization of $917.10 million, a PE ratio of -50.16 and a beta of -0.05.

Geopark (NYSE:GPRK) last released its quarterly earnings data on Thursday, March 8th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.41). Geopark had a negative return on equity of 1.90% and a negative net margin of 2.45%. The business had revenue of $106.30 million for the quarter, compared to analysts’ expectations of $100.00 million. analysts expect that Geopark will post 2 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new stake in Geopark during the fourth quarter worth approximately $121,000. Pendal Group Ltd purchased a new stake in Geopark during the first quarter worth approximately $124,000. Russell Investments Group Ltd. purchased a new position in shares of Geopark in the first quarter valued at $173,000. Jane Street Group LLC purchased a new position in shares of Geopark in the first quarter valued at $177,000. Finally, American Century Companies Inc. purchased a new position in shares of Geopark in the first quarter valued at $202,000. Institutional investors own 19.56% of the company’s stock.

About Geopark

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, 2017, the company had working and/or economic interests in 24 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field.

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