Geopark Ltd (NYSE:GPRK) has received a consensus rating of “Buy” from the ten research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $13.08.
A number of brokerages have recently issued reports on GPRK. ValuEngine raised shares of Geopark from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Scotiabank boosted their target price on shares of Geopark from $10.00 to $10.50 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Zacks Investment Research raised shares of Geopark from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Friday, October 27th. Canaccord Genuity set a $12.00 target price on shares of Geopark and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, TheStreet lowered shares of Geopark from a “c-” rating to a “d+” rating in a research note on Wednesday, November 29th.
Geopark (NYSE GPRK) traded up $0.14 during midday trading on Friday, reaching $10.04. 76,258 shares of the company’s stock traded hands, compared to its average volume of 115,334. 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 has a 52 week low of $4.79 and a 52 week high of $11.14.
Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in shares of Geopark by 20.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,785,800 shares of the oil and gas company’s stock valued at $17,697,000 after acquiring an additional 298,800 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Geopark by 12.4% in the fourth quarter. Acadian Asset Management LLC now owns 342,955 shares of the oil and gas company’s stock valued at $3,398,000 after acquiring an additional 37,933 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Geopark by 1,202.0% in the third quarter. Victory Capital Management Inc. now owns 291,683 shares of the oil and gas company’s stock valued at $2,555,000 after acquiring an additional 269,281 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Geopark by 7.9% in the third quarter. California Public Employees Retirement System now owns 283,924 shares of the oil and gas company’s stock valued at $2,487,000 after acquiring an additional 20,824 shares in the last quarter. Finally, Compass Group LLC bought a new stake in shares of Geopark in the fourth quarter valued at about $2,242,000. Hedge funds and other institutional investors own 19.75% 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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