Navellier & Associates Inc acquired a new position in shares of GeoPark Ltd (NYSE:GPRK) during the second quarter, Holdings Channel reports. The institutional investor acquired 75,255 shares of the oil and gas company’s stock, valued at approximately $1,553,000.
A number of other hedge funds have also recently modified their holdings of the stock. Carmignac Gestion acquired a new position in GeoPark during the 1st quarter worth about $8,658,000. Employees Retirement System of Texas acquired a new position in GeoPark during the 1st quarter worth about $3,980,000. EAM Global Investors LLC acquired a new position in GeoPark during the 2nd quarter worth about $4,851,000. Millennium Management LLC lifted its holdings in GeoPark by 122.2% during the 1st quarter. Millennium Management LLC now owns 367,427 shares of the oil and gas company’s stock worth $4,556,000 after buying an additional 202,103 shares during the period. Finally, EAM Investors LLC acquired a new position in GeoPark during the 2nd quarter worth about $1,443,000. Institutional investors and hedge funds own 23.86% of the company’s stock.
Several research analysts have commented on the company. Zacks Investment Research downgraded GeoPark from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Canaccord Genuity reaffirmed a “buy” rating on shares of GeoPark in a report on Tuesday, May 8th. ValuEngine raised GeoPark from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Finally, TheStreet raised GeoPark from a “d+” rating to a “c” rating in a report on Tuesday, May 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. GeoPark currently has an average rating of “Buy” and a consensus price target of $19.25.
Shares of GeoPark opened at $17.37 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.22 and a quick ratio of 1.05. GeoPark Ltd has a 1 year low of $7.45 and a 1 year high of $21.88.
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, 2017, the company had working and/or economic interests in 24 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field.
Further Reading: Momentum Indicator: Relative Strength Index
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