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

Canaccord Genuity Group reaffirmed their buy rating on shares of GeoPark (NYSE:GPRKFree Report) in a research report released on Friday, Benzinga reports. Canaccord Genuity Group currently has a $14.00 price objective on the oil and gas company’s stock.

GPRK has been the subject of a number of other reports. StockNews.com upgraded GeoPark from a buy rating to a strong-buy rating in a research note on Friday, April 5th. JPMorgan Chase & Co. cut their price objective 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, GeoPark presently has an average rating of Buy and a consensus price target of $13.17.

Read Our Latest Stock Analysis on GPRK

GeoPark Stock Down 0.2 %

NYSE:GPRK opened at $9.82 on Friday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.11 and a current ratio of 1.17. The stock has a 50-day simple moving average of $9.07 and a 200 day simple moving average of $9.23. The company has a market cap of $543.34 million, a PE ratio of 5.04 and a beta of 1.30. GeoPark has a 52-week low of $8.05 and a 52-week high of $12.06.

GeoPark (NYSE:GPRKGet Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The oil and gas company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.17). The company had revenue of $199.70 million during the quarter, compared to the consensus estimate of $212.54 million. GeoPark had a net margin of 14.69% and a return on equity of 79.78%. On average, sell-side analysts expect that GeoPark will post 3.14 EPS for the current fiscal year.

GeoPark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th were given a $0.136 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.54%. This is a boost from GeoPark’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, March 19th. GeoPark’s dividend payout ratio (DPR) is presently 27.69%.

Institutional Trading of GeoPark

Hedge funds have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. acquired a new stake in GeoPark during the 1st quarter worth approximately $30,000. BNP Paribas Arbitrage SA bought a new position in GeoPark during the 2nd quarter worth $54,000. Tower Research Capital LLC TRC increased its stake in 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 acquiring an additional 3,868 shares during the period. JPMorgan Chase & Co. bought a new position in GeoPark during the 2nd quarter worth $42,000. Finally, NBC Securities Inc. increased its stake in GeoPark by 480.0% during the 4th quarter. NBC Securities Inc. now owns 5,800 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 4,800 shares during the period. 68.21% of the stock is owned by institutional investors and hedge funds.

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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