Geopark (GPRK) Given a $12.00 Price Target at Canaccord Genuity

Canaccord Genuity set a $12.00 price target on Geopark (NYSE:GPRK) in a research report report published on Monday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.

GPRK has been the subject of several other research reports. Zacks Investment Research upgraded Geopark from a sell rating to a hold rating in a research note on Tuesday, August 15th. GMP Securities reiterated a buy rating and set a $14.00 price target on shares of Geopark in a research note on Sunday, November 19th. Scotiabank upped their price target on Geopark from $10.00 to $10.50 and gave the stock an outperform rating in a research note on Thursday, November 16th. ValuEngine downgraded Geopark from a hold rating to a sell rating in a research note on Friday. Finally, TheStreet downgraded Geopark from a c- rating to a d+ rating in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $11.75.

Shares of Geopark (NYSE GPRK) traded down $0.05 during mid-day trading on Monday, reaching $8.60. The company’s stock had a trading volume of 47,000 shares, compared to its average volume of 147,255. The company has a current ratio of 1.80, a quick ratio of 1.75 and a debt-to-equity ratio of 3.20. Geopark has a 12 month low of $4.04 and a 12 month high of $9.98.

Several institutional investors and hedge funds have recently modified their holdings of GPRK. Trexquant Investment LP acquired a new position in shares of Geopark in the 2nd quarter worth approximately $102,000. Ingalls & Snyder LLC acquired a new position in shares of Geopark in the 3rd quarter worth approximately $105,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Geopark in the 2nd quarter worth approximately $114,000. GSA Capital Partners LLP acquired a new position in shares of Geopark in the 2nd quarter worth approximately $129,000. Finally, Citadel Advisors LLC acquired a new position in shares of Geopark in the 2nd quarter worth approximately $144,000. 19.12% of the stock is owned by institutional investors and hedge funds.

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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.

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