Geopark (GPRK) Upgraded by Zacks Investment Research to Buy

Geopark (NYSE:GPRK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, January 17th. The brokerage currently has a $12.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 22.57% from the company’s previous close.

According to Zacks, “GeoPark Ltd is an explorer, operator and consolidator of oil and gas. The company operates primarily in Chile, Colombia, Brazil and Argentina. GeoPark Ltd is based in Hamilton, Bermuda. “

GPRK has been the subject of several other reports. Canaccord Genuity set a $12.00 target price on Geopark and gave the company a “buy” rating in a report on Monday, December 4th. GMP Securities reissued a “buy” rating and issued a $14.00 target price on shares of Geopark in a report on Sunday, November 19th. ValuEngine downgraded Geopark from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Scotiabank boosted their price target on Geopark from $10.00 to $10.50 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Finally, TheStreet cut Geopark from a “c-” rating to a “d+” rating in a research report on Wednesday, November 29th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $12.93.

Geopark (GPRK) traded up $0.55 during trading on Wednesday, hitting $9.79. The stock had a trading volume of 110,024 shares, compared to its average volume of 129,280. Geopark has a fifty-two week low of $4.77 and a fifty-two week high of $11.14. The company has a quick ratio of 1.75, a current ratio of 1.80 and a debt-to-equity ratio of 3.20.

Geopark (NYSE:GPRK) last posted its earnings results on Thursday, November 16th. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.48). Geopark had a negative net margin of 14.14% and a negative return on equity of 24.43%. The firm had revenue of $81.91 million during the quarter, compared to analysts’ expectations of $77.35 million. equities research analysts expect that Geopark will post 0.11 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Ingalls & Snyder LLC acquired a new position in Geopark in the 3rd quarter valued at about $105,000. Citadel Advisors LLC acquired a new position in Geopark in the 4th quarter valued at about $121,000. Dynamic Technology Lab Private Ltd acquired a new position in Geopark in the 2nd quarter valued at about $114,000. GSA Capital Partners LLP acquired a new position in Geopark during the 2nd quarter worth approximately $129,000. Finally, Virtu KCG Holdings LLC acquired a new position in Geopark during the 2nd quarter worth approximately $161,000. Hedge funds and other institutional investors own 19.13% of the company’s stock.

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About Geopark

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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