Zacks Investment Research downgraded shares of Geopark Ltd (NYSE:GPRK) from a buy rating to a hold rating in a research report report published on Friday, May 12th.
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 equities research analysts have also commented on GPRK. J P Morgan Chase & Co upgraded shares of Geopark from a neutral rating to an overweight rating in a research note on Monday, March 13th. TheStreet upgraded shares of Geopark from a d rating to a c- rating in a research note on Monday, April 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $10.69.
Shares of Geopark (NYSE:GPRK) traded down 1.45% during mid-day trading on Friday, hitting $7.49. The stock had a trading volume of 180,966 shares. The firm has a 50 day moving average price of $8.07 and a 200 day moving average price of $6.23. Geopark has a 52-week low of $2.81 and a 52-week high of $9.00. The firm’s market cap is $449.74 million.
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Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of Geopark by 83.7% in the first quarter. Renaissance Technologies LLC now owns 637,500 shares of the oil and gas company’s stock worth $4,577,000 after buying an additional 290,411 shares in the last quarter. Morgan Stanley increased its stake in Geopark by 201.7% in the first quarter. Morgan Stanley now owns 111,318 shares of the oil and gas company’s stock worth $799,000 after buying an additional 74,418 shares during the period. Lazard Asset Management LLC acquired a new stake in Geopark during the first quarter worth $225,000. Emancipation Management LLC purchased a new stake in shares of Geopark during the first quarter valued at approximately $1,579,000. Finally, Investec Asset Management LTD purchased a new stake in shares of Geopark during the first quarter valued at approximately $177,000. 13.43% of the stock is owned by institutional investors.
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