Industry News

GeoPark Ltd (NYSE:GPRK) Short Interest Up 12.4% in August

By September 7, 2019 No Comments

GeoPark Ltd (NYSE:GPRK) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 233,100 shares, a growth of 12.4% from the July 15th total of 207,400 shares. Based on an average daily volume of 246,100 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.7% of the shares of the stock are short sold.

Shares of GeoPark stock traded down $0.14 on Friday, reaching $17.71. The company had a trading volume of 2,989 shares, compared to its average volume of 198,840. The firm’s 50-day moving average price is $17.45 and its two-hundred day moving average price is $17.50. GeoPark has a 1 year low of $10.89 and a 1 year high of $21.14. The company has a debt-to-equity ratio of 2.92, a current ratio of 0.99 and a quick ratio of 0.93. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 12.09 and a beta of 0.65.

GeoPark (NYSE:GPRK) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.03). GeoPark had a net margin of 16.60% and a return on equity of 71.41%. The business had revenue of $169.51 million for the quarter. As a group, analysts anticipate that GeoPark will post 1.83 EPS for the current year.

Several hedge funds have recently modified their holdings of GPRK. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in GeoPark by 12.3% during the 2nd 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 in the last quarter. Deltec Asset Management LLC increased its position in GeoPark by 1.8% during the 2nd 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 in the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in GeoPark by 50.1% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 221,722 shares of the oil and gas company’s stock valued at $3,834,000 after purchasing an additional 74,035 shares during the last quarter. Renaissance Group LLC grew its stake in GeoPark by 2.2% during the 1st quarter. Renaissance Group LLC now owns 39,731 shares of the oil and gas company’s stock valued at $687,000 after purchasing an additional 858 shares during the last quarter. Finally, Boston Partners purchased a new stake in GeoPark during the 1st quarter valued at about $241,000. Institutional investors and hedge funds own 30.81% of the company’s stock.

Several analysts recently issued reports on the company. GMP Securities began coverage on GeoPark in a research note on Friday, July 26th. They set a “buy” rating and a $26.00 target price on the stock. ValuEngine raised GeoPark from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

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.

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