Geopark (NYSE:GPRK) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $11.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.00% from the stock’s current price.
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 equities analysts have also weighed in on the stock. GMP Securities reiterated a “buy” rating and issued a $15.50 price objective on shares of Geopark in a research report on Thursday, December 21st. ValuEngine upgraded shares of Geopark from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Scotiabank lifted their price objective on shares of Geopark from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. TheStreet lowered shares of Geopark from a “c-” rating to a “d+” rating in a research report on Wednesday, November 29th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $13.00 price objective on shares of Geopark in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.43.
Geopark (GPRK) opened at $9.91 on Tuesday. The company has a market cap of $597.01, a price-to-earnings ratio of -24.17 and a beta of 0.19. Geopark has a 1-year low of $6.26 and a 1-year 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 large investors have recently added to or reduced their stakes in GPRK. Victory Capital Management Inc. raised its stake in shares of 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 last quarter. Boston Partners raised its stake in shares of 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 last quarter. Macquarie Group Ltd. acquired a new position in shares of Geopark during the 3rd quarter worth $1,108,000. Royce & Associates LP acquired a new position in shares of Geopark during the 3rd quarter worth $657,000. Finally, California Public Employees Retirement System raised its stake in shares of 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 last quarter. 19.52% of the stock is 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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