Geopark Ltd (NYSE:GPRK)‘s stock had its “buy” rating reissued by investment analysts at GMP Securities in a report issued on Friday. They currently have a $10.00 price objective on the oil and gas company’s stock. GMP Securities’ target price points to a potential upside of 18.62% from the stock’s current price.
GPRK has been the subject of a number of other research reports. Eurobank EFG started coverage on shares of Geopark in a report on Thursday, May 25th. They issued a “buy” rating and a $12.00 price target for the company. TheStreet upgraded shares of Geopark from a “d” rating to a “c-” rating in a report on Monday, April 24th. Zacks Investment Research downgraded shares of Geopark from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Echelon Wealth Partners started coverage on shares of Geopark in a report on Thursday, May 25th. They issued a “buy” rating and a $12.00 price target for the company. Finally, ValuEngine upgraded shares of Geopark from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $10.90.
Shares of Geopark (NYSE:GPRK) opened at 8.43 on Friday. The stock’s 50 day moving average is $8.47 and its 200-day moving average is $7.24. Geopark has a 1-year low of $3.16 and a 1-year high of $9.69. The stock’s market cap is $506.19 million.
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Several institutional investors have recently made changes to their positions in GPRK. Renaissance Technologies LLC increased its position in Geopark by 194.4% in the fourth quarter. Renaissance Technologies LLC now owns 347,089 shares of the oil and gas company’s stock valued at $1,496,000 after buying an additional 229,189 shares during the period. Spark Investment Management LLC increased its position 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 buying an additional 55,900 shares during the period. Investec Asset Management LTD acquired a new position in Geopark during the first quarter valued at $177,000. Lazard Asset Management LLC acquired a new position in Geopark during the first quarter valued at $225,000. Finally, JPMorgan Chase & Co. increased its position in Geopark by 1.9% in the first quarter. JPMorgan Chase & Co. now owns 2,659,763 shares of the oil and gas company’s stock valued at $19,097,000 after buying an additional 49,774 shares during the period. Institutional investors and hedge funds own 13.72% of the company’s stock.
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