GeoPark Ltd (NYSE:GPRK) Sees Large Drop in Short Interest

GeoPark Ltd (NYSE:GPRK) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 253,400 shares, a drop of 26.9% from the August 15th total of 346,700 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 192,400 shares, the days-to-cover ratio is currently 1.3 days.

NYSE GPRK traded down $0.12 during mid-day trading on Friday, reaching $18.70. 68,500 shares of the company’s stock traded hands, compared to its average volume of 231,190. GeoPark has a 1-year low of $10.89 and a 1-year high of $20.83. The company has a fifty day simple moving average of $17.63 and a 200-day simple moving average of $17.43. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 2.92. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 12.72 and a beta of 0.65.

GeoPark (NYSE:GPRK) last issued its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates 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. Equities research analysts forecast that GeoPark will post 1.83 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on GPRK shares. ValuEngine upgraded GeoPark from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. GMP Securities started coverage on GeoPark in a research note on Friday, July 26th. They set a “buy” rating and a $26.00 price objective for the company.

A number of large investors have recently added to or reduced their stakes in GPRK. Victory Capital Management Inc. lifted its holdings in GeoPark by 69.0% during the 1st quarter. Victory Capital Management Inc. now owns 8,621 shares of the oil and gas company’s stock worth $149,000 after buying an additional 3,520 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in GeoPark by 157.0% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 36,861 shares of the oil and gas company’s stock worth $637,000 after buying an additional 22,519 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings 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 worth $3,834,000 after buying an additional 74,035 shares during the last quarter. Deltec Asset Management LLC lifted its holdings 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 worth $2,064,000 after buying an additional 2,000 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings 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 worth $1,599,000 after buying an additional 9,451 shares during the last quarter. 29.49% of the stock is currently owned by 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.

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