Geopark (NYSE:GPRK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
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. “
Several other equities analysts have also weighed in on GPRK. ValuEngine lowered shares of Geopark from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Canaccord Genuity set a $12.00 price target on shares of Geopark and gave the company a “buy” rating in a research note on Monday, December 4th. GMP Securities reissued a “buy” rating and issued a $15.50 price target on shares of Geopark in a research note on Thursday, December 21st. TheStreet downgraded shares of Geopark from a “c-” rating to a “d+” rating in a research note on Wednesday, November 29th. Finally, Scotiabank boosted their price target 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.11.
Geopark (NYSE GPRK) traded up $0.04 during trading hours on Friday, reaching $10.70. 99,051 shares of the company’s stock traded hands, compared to its average volume of 138,300. The company has a quick ratio of 1.75, a current ratio of 1.80 and a debt-to-equity ratio of 3.20. The firm has a market cap of $638.97, a price-to-earnings ratio of -14.88 and a beta of 0.30. Geopark has a 12 month low of $4.60 and a 12 month high of $11.14.
Several institutional investors have recently added to or reduced their stakes in the company. AJO LP purchased a new stake in shares of Geopark in the 2nd quarter valued at approximately $2,617,000. Victory Capital Management Inc. increased its stake in Geopark by 1,202.0% during the 3rd quarter. Victory Capital Management Inc. now owns 291,683 shares of the oil and gas company’s stock worth $2,555,000 after buying an additional 269,281 shares during the period. California Public Employees Retirement System increased its stake in Geopark by 7.9% during the 3rd quarter. California Public Employees Retirement System now owns 283,924 shares of the oil and gas company’s stock worth $2,487,000 after buying an additional 20,824 shares during the period. Boston Partners increased its stake in Geopark by 15.9% during the 3rd quarter. Boston Partners now owns 190,307 shares of the oil and gas company’s stock worth $1,667,000 after buying an additional 26,061 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in Geopark during the 3rd quarter worth approximately $1,108,000. 18.95% of the stock is currently owned by institutional investors and hedge funds.
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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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