Canaccord Genuity Analysts Give Geopark (GPRK) a $12.00 Price Target

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

Several other brokerages have also recently weighed in on GPRK. GMP Securities reaffirmed a buy rating and issued a $14.00 price target on shares of Geopark in a research report on Sunday, November 19th. Zacks Investment Research raised shares of Geopark from a hold rating to a buy rating and set a $9.75 price target on the stock in a research report on Friday, October 27th. ValuEngine cut shares of Geopark from a hold rating to a sell rating in a research report on Friday, December 1st. Scotiabank raised their price target on shares of Geopark from $10.00 to $10.50 and gave the company an outperform rating in a research report on Thursday, November 16th. Finally, TheStreet cut shares of Geopark from a c- rating to a d+ rating in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. Geopark presently has an average rating of Buy and an average price target of $11.96.

Geopark (GPRK) traded up $0.29 during mid-day trading on Tuesday, hitting $9.19. 77,200 shares of the stock were exchanged, compared to its average volume of 142,323. 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 one year low of $4.04 and a one year high of $9.98.

A number of large investors have recently bought and sold shares of the business. AJO LP purchased a new stake in Geopark in the 2nd quarter valued at about $2,617,000. Victory Capital Management Inc. increased its stake in Geopark by 1,202.0% in the 3rd quarter. Victory Capital Management Inc. now owns 291,683 shares of the oil and gas company’s stock valued at $2,555,000 after buying an additional 269,281 shares during the last quarter. California Public Employees Retirement System increased its stake in Geopark by 7.9% in the 3rd 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 last quarter. Boston Partners increased its stake in Geopark by 15.9% in the 3rd quarter. Boston Partners now owns 190,307 shares of the oil and gas company’s stock valued at $1,667,000 after buying an additional 26,061 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Geopark in the 3rd quarter valued at about $1,108,000. Hedge funds and other institutional investors own 18.95% of the company’s stock.

WARNING: This report was posted by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.com-unik.info/2017/12/22/canaccord-genuity-analysts-give-geopark-gprk-a-12-00-price-target.html.

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)

Receive News & Ratings for Geopark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geopark and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit