JPMorgan Chase & Co. Raises GeoPark (NYSE:GPRK) Price Target to $12.00

by · The Cerbat Gem

GeoPark (NYSE:GPRK – Free Report) had its target price boosted by JPMorgan Chase & Co. from $11.50 to $12.00 in a report issued on Wednesday, Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

Separately, StockNews.com upgraded shares of GeoPark from a buy rating to a strong-buy rating in a research report on Monday, August 19th.

Read Our Latest Stock Report on GPRK

GeoPark Stock Down 0.9 %

GeoPark stock opened at $7.99 on Wednesday. GeoPark has a 12 month low of $7.24 and a 12 month high of $11.25. The stock has a fifty day simple moving average of $8.82 and a two-hundred day simple moving average of $9.60. The company has a current ratio of 1.16, a quick ratio of 1.10 and a debt-to-equity ratio of 2.83. The firm has a market cap of $442.07 million, a price-to-earnings ratio of 3.92 and a beta of 1.32.

GeoPark (NYSE:GPRK – Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The company had revenue of $190.20 million for the quarter, compared to the consensus estimate of $182.74 million. GeoPark had a net margin of 14.28% and a return on equity of 60.77%. Equities analysts predict that GeoPark will post 3.18 EPS for the current fiscal year.

GeoPark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $0.147 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.59 dividend on an annualized basis and a yield of 7.36%. GeoPark’s dividend payout ratio is presently 28.43%.

Institutional Investors Weigh In On GeoPark

Several institutional investors and hedge funds have recently modified their holdings of GPRK. Aristides Capital LLC bought a new position in shares of GeoPark during the second quarter worth $286,000. Mackenzie Financial Corp bought a new stake in GeoPark in the 2nd quarter valued at $2,929,000. Employees Retirement System of Texas bought a new position in shares of GeoPark during the 2nd quarter valued at about $34,000. Renaissance Technologies LLC grew its position in shares of GeoPark by 1.9% during the second quarter. Renaissance Technologies LLC now owns 3,246,617 shares of the oil and gas company’s stock valued at $35,550,000 after purchasing an additional 61,454 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of GeoPark by 3,251.7% in the second quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock worth $4,139,000 after purchasing an additional 368,161 shares during the last quarter. Institutional investors own 68.21% of the company’s stock.

About GeoPark

(Get Free Report)

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.

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