ValuEngine Lowers GeoPark (NYSE:GPRK) to Strong Sell

ValuEngine downgraded shares of GeoPark (NYSE:GPRK) from a sell rating to a strong sell rating in a report released on Wednesday morning, ValuEngine reports.

Separately, GMP Securities began coverage on GeoPark in a research report on Friday, July 26th. They set a buy rating and a $26.00 price objective on the stock.

GeoPark stock opened at $19.00 on Wednesday. GeoPark has a twelve month low of $10.89 and a twelve month high of $20.30. The stock’s fifty day simple moving average is $18.40 and its 200-day simple moving average is $17.54. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 3.27. The firm has a market capitalization of $1.16 billion, a P/E ratio of 12.93 and a beta of 0.65.

The firm also recently announced a dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 22nd will be issued a $0.0413 dividend. The ex-dividend date of this dividend is Thursday, November 21st.

A number of large investors have recently bought and sold shares of the stock. Deltec Asset Management LLC increased its holdings in GeoPark by 1.8% in the second quarter. Deltec Asset Management LLC now owns 111,325 shares of the oil and gas company’s stock valued at $2,064,000 after buying an additional 2,000 shares during the last quarter. Atria Investments LLC purchased a new position in GeoPark in the second quarter valued at $255,000. Tower Research Capital LLC TRC purchased a new position in GeoPark in the second quarter valued at $78,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in GeoPark by 12.3% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 86,225 shares of the oil and gas company’s stock valued at $1,599,000 after buying an additional 9,451 shares during the last quarter. Finally, Ellington Management Group LLC purchased a new position in GeoPark in the second quarter valued at $254,000. 30.06% 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, Peru, Argentina, and Ecuador. 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.

See Also: Which market index is the best?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for GeoPark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GeoPark and related companies with MarketBeat.com's FREE daily email newsletter.