Canaccord Genuity reaffirmed their buy rating on shares of Geopark (NYSE:GPRK) in a research note released on Tuesday morning. They currently have a $13.00 target price on the oil and gas company’s stock.
A number of other brokerages have also recently commented on GPRK. GMP Securities reissued a buy rating and issued a $14.00 price target 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 target on the stock in a research report on Friday, October 27th. Scotiabank boosted their price target on Geopark from $10.00 to $10.50 and gave the stock an outperform rating in a research report on Thursday, November 16th. ValuEngine cut Geopark from a hold rating to a sell rating in a research report on Friday, December 1st. Finally, TheStreet cut Geopark from a c- rating to a d+ rating in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. Geopark currently has a consensus rating of Buy and an average target price of $12.11.
Shares of Geopark (GPRK) traded up $0.04 on Tuesday, hitting $10.70. The stock had a trading volume of 99,051 shares, compared to its average volume of 105,090. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.75 and a current ratio of 1.80. 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 PE ratio of -15.74 and a beta of 0.24.
A number of hedge funds have recently added to or reduced their stakes in GPRK. Victory Capital Management Inc. bought a new position in Geopark in the 2nd quarter valued at approximately $169,000. AJO LP bought a new position in Geopark in the 2nd quarter valued at approximately $2,617,000. Investec Asset Management LTD lifted its position in Geopark by 108.1% in the 2nd quarter. Investec Asset Management LTD now owns 51,247 shares of the oil and gas company’s stock valued at $387,000 after acquiring an additional 26,616 shares in the last quarter. Lazard Asset Management LLC lifted its position in Geopark by 84.4% in the 2nd quarter. Lazard Asset Management LLC now owns 57,905 shares of the oil and gas company’s stock valued at $437,000 after acquiring an additional 26,500 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Geopark in the 2nd quarter valued at approximately $129,000. 18.95% of the stock is currently owned by institutional investors and hedge funds.
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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