Zacks Investment Research cut shares of Geopark Ltd (NYSE:GPRK) from a buy rating to a hold rating in a research report released 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. “
A number of other equities analysts have also recently issued reports on GPRK. JPMorgan Chase & Co. upgraded Geopark from a neutral rating to an overweight rating in a report on Monday, March 13th. TheStreet upgraded Geopark from a d rating to a c- rating in a report on Monday, April 24th.
Shares of Geopark (NYSE:GPRK) opened at 8.14 on Friday. The company’s market capitalization is $487.91 million. The firm has a 50-day moving average of $7.33 and a 200-day moving average of $5.64. Geopark has a 12 month low of $2.18 and a 12 month high of $8.49.
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Several institutional investors have recently modified their holdings of the company. Driehaus Capital Management LLC boosted its position in shares of Geopark by 81.6% in the first quarter. Driehaus Capital Management LLC now owns 19,880 shares of the oil and gas company’s stock worth $143,000 after buying an additional 8,930 shares during the last quarter. Investec Asset Management LTD bought a new position in shares of Geopark during the first quarter worth about $177,000. Boston Partners bought a new position in shares of Geopark during the first quarter worth about $184,000. Acadian Asset Management LLC boosted its position in shares of Geopark by 422.1% in the first quarter. Acadian Asset Management LLC now owns 27,848 shares of the oil and gas company’s stock worth $200,000 after buying an additional 22,514 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Geopark during the first quarter worth about $225,000. Institutional investors and hedge funds own 40.73% of the company’s stock.
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