Geopark Ltd (NYSE:GPRK) has received an average recommendation of “Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $11.88.

A number of equities analysts have weighed in on the company. GMP Securities reissued a “buy” rating on shares of Geopark in a research report on Friday, August 18th. Zacks Investment Research downgraded Geopark from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Canaccord Genuity assumed coverage on Geopark in a research note on Thursday, September 21st. They set a “buy” rating and a $11.50 price objective for the company.

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in shares of Geopark by 151.0% in the first quarter. Goldman Sachs Group Inc. now owns 74,812 shares of the oil and gas company’s stock worth $537,000 after purchasing an additional 45,011 shares during the last quarter. Spark Investment Management LLC grew its holdings in Geopark by 25.7% in the second quarter. Spark Investment Management LLC now owns 273,400 shares of the oil and gas company’s stock valued at $2,064,000 after purchasing an additional 55,900 shares during the period. AJO LP acquired a new stake in Geopark in the second quarter valued at approximately $2,617,000. Boston Partners grew its holdings in Geopark by 542.6% in the second quarter. Boston Partners now owns 164,246 shares of the oil and gas company’s stock valued at $1,240,000 after purchasing an additional 138,688 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Geopark in the first quarter valued at approximately $225,000. Hedge funds and other institutional investors own 14.03% of the company’s stock.

Shares of Geopark (GPRK) traded down 1.41% during mid-day trading on Friday, hitting $8.38. 77,583 shares of the stock traded hands. Geopark has a 1-year low of $4.04 and a 1-year high of $9.69. The company’s 50-day moving average price is $8.47 and its 200 day moving average price is $8.15. The company’s market capitalization is $503.35 million.

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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.

Analyst Recommendations for Geopark (NYSE:GPRK)

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