Geopark (GPRK) Rating Reiterated by Canaccord Genuity

Canaccord Genuity restated their buy rating on shares of Geopark (NYSE:GPRK) in a report published on Tuesday. The brokerage currently has a $13.00 price objective on the oil and gas company’s stock.

A number of other research firms also recently weighed in on GPRK. GMP Securities reaffirmed a buy rating and set a $14.00 price target on shares of Geopark in a research note on Sunday, November 19th. Zacks Investment Research raised Geopark from a hold rating to a buy rating and set a $9.75 price objective for the company in a research note on Friday, October 27th. Scotiabank increased their price objective 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, December 1st. Finally, TheStreet downgraded Geopark from a c- rating to a d+ rating in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Geopark currently has a consensus rating of Buy and a consensus price target of $12.11.

Geopark (NYSE GPRK) traded down $0.22 during mid-day trading on Tuesday, reaching $10.66. The company had a trading volume of 124,400 shares, compared to its average volume of 143,212. Geopark has a fifty-two week low of $4.60 and a fifty-two week high of $11.14. The company has a current ratio of 1.80, a quick ratio of 1.75 and a debt-to-equity ratio of 3.20. The firm has a market cap of $638.97, a P/E ratio of -14.88 and a beta of 0.30.

Several institutional investors have recently modified their holdings of the company. Fred Alger Management Inc. increased its position in shares of Geopark by 17.2% during the second quarter. Fred Alger Management Inc. now owns 60,705 shares of the oil and gas company’s stock valued at $458,000 after acquiring an additional 8,925 shares during the last quarter. Ingalls & Snyder LLC purchased a new stake in shares of Geopark during the third quarter valued at approximately $105,000. Goldman Sachs Group Inc. increased its position in shares of Geopark by 19.4% during the second quarter. Goldman Sachs Group Inc. now owns 89,329 shares of the oil and gas company’s stock valued at $674,000 after acquiring an additional 14,517 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Geopark during the second quarter valued at approximately $114,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Geopark during the second quarter valued at approximately $129,000. 18.95% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Geopark (NYSE:GPRK)

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