Canaccord Genuity set a $12.00 price objective on Geopark (NYSE:GPRK) in a research report released on Tuesday, December 19th. The firm currently has a buy rating on the oil and gas company’s stock.
Several other brokerages have also issued reports on GPRK. GMP Securities reissued a buy rating and issued a $14.00 target price on shares of Geopark in a research report on Sunday, November 19th. Zacks Investment Research raised Geopark from a hold rating to a buy rating and set a $9.75 price objective for the company in a research report on Friday, October 27th. Scotiabank raised their price objective on Geopark from $10.00 to $10.50 and gave the company an outperform rating in a research report on Thursday, November 16th. ValuEngine lowered Geopark from a hold rating to a sell rating in a research report on Friday, December 1st. Finally, TheStreet lowered Geopark from a c- rating to a d+ rating in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $12.11.
Shares of Geopark (NYSE GPRK) traded up $0.04 during trading hours on Tuesday, hitting $10.70. The stock had a trading volume of 99,051 shares, compared to its average volume of 105,090. Geopark has a 12-month low of $4.60 and a 12-month high of $11.14. The company has a market cap of $638.97, a price-to-earnings ratio of -15.74 and a beta of 0.24. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.80 and a quick ratio of 1.75.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPRK. Trexquant Investment LP purchased a new position in Geopark during the second quarter valued at $102,000. Boston Partners lifted its position in Geopark by 542.6% during the second quarter. Boston Partners now owns 164,246 shares of the oil and gas company’s stock valued at $1,240,000 after purchasing an additional 138,688 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Geopark during the second quarter valued at $169,000. AJO LP purchased a new position in Geopark during the second quarter valued at $2,617,000. Finally, Investec Asset Management LTD lifted its position in Geopark by 108.1% during the second quarter. Investec Asset Management LTD now owns 51,247 shares of the oil and gas company’s stock valued at $387,000 after purchasing an additional 26,616 shares in the last quarter. Institutional investors own 18.95% of the company’s stock.
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Geopark Company Profile
GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Peru, and Argentina. As of December 31, 2016, the company had working and/or economic interests in 26 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field.
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