Geopark Ltd (GPRK) Stock Rating Upgraded by Zacks Investment Research
Geopark Ltd (NYSE:GPRK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage currently has a $9.75 price objective on the oil and gas company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 4.84% from the company’s previous close.
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 analysts have also issued reports on the stock. Canaccord Genuity started coverage on shares of Geopark in a research note on Thursday, September 21st. They issued a “buy” rating and a $11.50 target price for the company. GMP Securities reiterated a “buy” rating and issued a $10.00 target price on shares of Geopark in a research note on Friday, August 11th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Geopark has an average rating of “Buy” and a consensus price target of $11.21.
Shares of Geopark (NYSE:GPRK) traded up 6.04% during mid-day trading on Friday, reaching $9.30. 229,784 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $8.49 and its 200 day moving average price is $8.18. Geopark has a 52-week low of $4.04 and a 52-week high of $9.71. The company’s market cap is $558.61 million.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Trexquant Investment LP bought a new stake in shares of Geopark in the 2nd quarter worth $102,000. Ingalls & Snyder LLC purchased a new position in shares of Geopark in the 3rd quarter worth about $105,000. Sit Investment Associates Inc. boosted its holdings in shares of Geopark by 147.5% in the 2nd quarter. Sit Investment Associates Inc. now owns 14,600 shares of the oil and gas company’s stock worth $110,000 after buying an additional 8,700 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Geopark in the 2nd quarter worth about $114,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Geopark in the 2nd quarter worth about $129,000. Hedge funds and other institutional investors own 14.28% of the company’s stock.
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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