Scotiabank Increases Geopark (GPRK) Price Target to $14.00

Geopark (NYSE:GPRK) had its price target boosted by stock analysts at Scotiabank from $13.00 to $14.00 in a note issued to investors on Tuesday. The firm presently has an “outperform” rating on the oil and gas company’s stock. Scotiabank’s price target indicates a potential upside of 34.87% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. GMP Securities reissued a “buy” rating and issued a $15.50 price target on shares of Geopark in a report on Thursday, December 21st. Canaccord Genuity reissued a “buy” rating and issued a $13.00 price target on shares of Geopark in a report on Tuesday, January 9th. TheStreet downgraded shares of Geopark from a “c-” rating to a “d+” rating in a report on Wednesday, November 29th. ValuEngine downgraded shares of Geopark from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised shares of Geopark from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $12.93.

Geopark (GPRK) traded up $0.48 on Tuesday, reaching $10.38. 82,857 shares of the company’s stock were exchanged, compared to its average volume of 127,112. 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 stock has a market cap of $595.21, a P/E ratio of -14.88 and a beta of 0.19. Geopark has a 1 year low of $4.73 and a 1 year high of $11.14.

Geopark (NYSE:GPRK) last posted its quarterly earnings data on Thursday, November 16th. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.48). Geopark had a negative return on equity of 24.43% and a negative net margin of 14.14%. sell-side analysts forecast that Geopark will post 0.11 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Deltec Asset Management LLC increased its position in shares of Geopark by 4.1% during the fourth quarter. Deltec Asset Management LLC now owns 191,722 shares of the oil and gas company’s stock valued at $1,900,000 after buying an additional 7,546 shares during the period. Boston Partners increased its position in shares of Geopark by 10.3% during the fourth quarter. Boston Partners now owns 209,834 shares of the oil and gas company’s stock valued at $2,079,000 after buying an additional 19,527 shares during the period. Acadian Asset Management LLC increased its position in shares of Geopark by 12.4% during the fourth quarter. Acadian Asset Management LLC now owns 342,955 shares of the oil and gas company’s stock valued at $3,398,000 after buying an additional 37,933 shares during the period. California Public Employees Retirement System increased its position in shares of Geopark by 7.9% during the third quarter. California Public Employees Retirement System now owns 283,924 shares of the oil and gas company’s stock valued at $2,487,000 after buying an additional 20,824 shares during the period. Finally, Royce & Associates LP bought a new stake in shares of Geopark during the third quarter valued at about $657,000. Hedge funds and other institutional investors own 19.15% of the company’s stock.

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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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