Zacks Investment Research upgraded shares of Geopark (NYSE:GPRK) from a sell rating to a buy rating in a report issued on Tuesday morning. Zacks Investment Research currently has $11.00 price objective on the oil and gas company’s stock.
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. “
A number of other research firms also recently weighed in on GPRK. Canaccord Genuity set a $13.00 price target on Geopark and gave the company a buy rating in a research report on Friday, March 2nd. GMP Securities restated a buy rating and set a $15.50 price target on shares of Geopark in a research report on Thursday, December 21st. TheStreet downgraded Geopark from a c- rating to a d+ rating in a research report on Wednesday, November 29th. Scotiabank raised 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, ValuEngine downgraded Geopark from a hold rating to a sell rating in a research report on Friday, December 1st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Geopark currently has a consensus rating of Buy and a consensus price target of $13.43.
Shares of Geopark (NYSE:GPRK) opened at $9.93 on Tuesday. Geopark has a 12-month low of $6.26 and a 12-month high of $11.14. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.29 and a quick ratio of 1.26.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GPRK. Citadel Advisors LLC purchased a new position in shares of Geopark in the fourth quarter worth about $121,000. Goldman Sachs Group Inc. purchased a new position in shares of Geopark in the fourth quarter worth about $211,000. C WorldWide Group Holding A S purchased a new position in shares of Geopark in the fourth quarter worth about $504,000. Two Sigma Investments LP increased its holdings in shares of Geopark by 40.4% in the fourth quarter. Two Sigma Investments LP now owns 56,654 shares of the oil and gas company’s stock worth $561,000 after buying an additional 16,292 shares during the period. Finally, Royce & Associates LP purchased a new position in shares of Geopark in the third quarter worth about $657,000. Hedge funds and other institutional investors own 19.52% of the company’s stock.
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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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