Geopark (NYSE:GPRK) Stock Passes Above Fifty Day Moving Average – Here’s Why

Geopark Ltd (NYSE:GPRK)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $6.53 and traded as high as $8.05. Geopark shares last traded at $7.9650, with a volume of 1,166,494 shares traded.

Wall Street Analysts Forecast Growth

GPRK has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Geopark in a report on Wednesday, October 8th. Wall Street Zen upgraded Geopark from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Santander began coverage on Geopark in a research note on Friday, August 29th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Geopark Trading Down 1.5%

The stock has a market cap of $408.18 million, a P/E ratio of 9.60 and a beta of 0.76. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.47. The stock has a 50-day moving average price of $6.53 and a 200-day moving average price of $6.71.

Geopark (NYSE:GPRK) last announced its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $119.80 million for the quarter, compared to analysts’ expectations of $123.00 million. Geopark had a return on equity of 35.65% and a net margin of 7.70%. On average, equities research analysts expect that Geopark Ltd will post 1.97 EPS for the current year.

Hedge Funds Weigh In On Geopark

A number of large investors have recently bought and sold shares of GPRK. SVB Wealth LLC purchased a new position in shares of Geopark during the first quarter valued at approximately $27,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Geopark during the first quarter valued at approximately $99,000. Entropy Technologies LP purchased a new position in shares of Geopark during the second quarter valued at approximately $99,000. Hsbc Holdings PLC purchased a new position in shares of Geopark during the first quarter valued at approximately $100,000. Finally, R Squared Ltd purchased a new position in shares of Geopark during the second quarter valued at approximately $113,000. 68.21% of the stock is owned by hedge funds and other institutional investors.

Geopark Company Profile

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.