Geopark (NYSE:GPRK – Get Free Report) announced its earnings results on Tuesday. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, reports. Geopark had a net margin of 14.43% and a return on equity of 23.88%. The business had revenue of $116.17 million for the quarter.
Geopark Trading Up 0.0%
NYSE GPRK opened at $9.43 on Thursday. The stock’s 50 day moving average is $11.15 and its 200 day moving average is $9.80. The firm has a market capitalization of $487.70 million, a PE ratio of 7.45 and a beta of 0.37. Geopark has a twelve month low of $6.84 and a twelve month high of $13.13. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.21.
Analyst Ratings Changes
Several research firms have recently weighed in on GPRK. Jefferies Financial Group upped their price objective on Geopark from $12.00 to $13.50 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Geopark in a research note on Thursday, October 15th. Finally, Wall Street Zen cut Geopark from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.50.
Check Out Our Latest Analysis on Geopark
Insider Activity
In other Geopark news, Director James Park sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $11.92, for a total transaction of $1,192,000.00. Following the completion of the sale, the director directly owned 692,118 shares in the company, valued at $8,250,046.56. The trade was a 12.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of Geopark by 21.2% during the first quarter. Renaissance Technologies LLC now owns 3,309,031 shares of the oil and gas company’s stock worth $31,436,000 after purchasing an additional 578,178 shares in the last quarter. Sycale Advisors NY LLC acquired a new position in Geopark during the first quarter worth $3,222,000. Flax Pond Capital LLC purchased a new position in Geopark in the first quarter worth approximately $3,352,000. Bank of America Corp DE boosted its position in shares of Geopark by 13.8% during the first quarter. Bank of America Corp DE now owns 31,504 shares of the oil and gas company’s stock worth $299,000 after buying an additional 3,823 shares during the period. Finally, Ramsey Quantitative Systems purchased a new stake in Geopark during the 2nd quarter worth about $143,000. 68.21% of the stock is currently owned by institutional investors.
About Geopark
GeoPark Limited is an independent Latin American oil and natural gas exploration and production company. Its activities include identifying prospective hydrocarbon resources, acquiring and developing oil and gas assets, drilling wells, and producing and selling crude oil and natural gas.
Founded in 2002, the company has built a portfolio of upstream assets in South America. Its operations have included the Llanos and Putumayo basins in Colombia, as well as assets in Brazil, Chile, Peru and Argentina at various points in its history.
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