Company shares last traded at $9.52 which is quite a bit above the 50 day moving average which is $8.63 and which is impressively higher than the 200 day moving average of $8.23. The 50 day moving average went up by +10.28% whereas the 200 day average was up by +15.71%. 166K shares changed hands in the last trading session. Shares saw a steep increase in trading volume of 79.95% over the normal average daily volume.
Traders are more bearish on shares of Geopark Ltd of late if you pay attention to the rise in short interest. The firm realized a rise in short interest of 31.79% as of October 13, 2017 from the last reporting period. Short shares increased 37,485 over that timeframe. With short interest at 155,417 and short average daily volume at 85,688, days to cover is 2.0 and the percentage of shorted shares is 0.00% as of October 13.
The following firms have recently changed their position in GPRK. As of quarter end Ubs Group Ag had acquired a total of 1,916 shares growing its position 91.9%. The value of the company’s investment in Geopark Ltd increased from $15,000 to $30,000 a change of $15,000 for the reporting period. Squarepoint Ops LLC grew its ownership by buying 4,600 shares an increase of 24.7%. Squarepoint Ops LLC now controls 23,200 shares with a value of $175,000. The value of the position overall is up by 30.6%.
As of the end of the quarter Acadian Asset Management LLC had bought 147,501 shares growing its stake by 93.6%. The value of the investment in GPRK went from $1,189,000 to $2,673,000 a change of 124.8% quarter over quarter. Victory Capital Management Inc added to its position by buying 269,281 shares an increase of 1,202.0% from 06/30/2017 to 09/30/2017. Victory Capital Management Inc controls 291,683 shares valued at $2,555,000. The total value of its holdings increased 1,411.8%.
Canaccord Genuity started covering GPRK setting a rating of “Buy”.
In the last earnings report the EPS was $-0.65 and is projected to be $0.20 for the current year with 60,066,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.12 and the next full year EPS is projected to be $0.45.
GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, and Argentina. As of December 31, 2015, the company had working and/or economic interests in 33 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field. It had net proved reserves of 48.6 million barrels of oil equivalent. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013. GeoPark Limited was founded in 2002 and is based in Santiago, Chile..