November 3, 2016 / 11:42 AM / in a year

BUZZ-Latin oil producers: JPMorgan lowers PT on Brazil's QGEP

** Analysts at JPMorgan Securities cut on Thursday the PT on shares in Brazilian oil producer QGEP Participações SA to 5.5 reais from 6 reais previously, while setting a “neutral” recommendation on the name

** The analysts also rated GeoPark Ltd and Gran Tierra Energy Inc a “neutral”

** In a client note, the analysts led by Felipe dos Santos said shares of GeoPark trade in line with their view for core net asset value of around $4 to $5 a share. While having “a positive view on management’s execution and the company’s operations,” dos Santos wrote that thin daily average trading volume, of about $230,000, “prevents us from getting more positive on the name.”

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