GeoPark (NYSE:GPRK) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Tuesday.
Other research analysts have also issued research reports about the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $25.00 price target on shares of GeoPark in a research note on Thursday, August 9th. TheStreet raised shares of GeoPark from a “d+” rating to a “c” rating in a research note on Tuesday, May 15th. Finally, Zacks Investment Research lowered shares of GeoPark from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. GeoPark has an average rating of “Buy” and a consensus target price of $19.25.
Shares of NYSE GPRK opened at $19.04 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 2.83. GeoPark has a 52-week low of $7.52 and a 52-week high of $21.88. The company has a market cap of $1.08 billion, a P/E ratio of -61.42 and a beta of -0.15.
A number of institutional investors and hedge funds have recently made changes to their positions in GPRK. Cavalier Investments LLC bought a new stake in shares of GeoPark in the second quarter worth $691,000. Compass Group LLC lifted its position in shares of GeoPark by 165.3% in the second quarter. Compass Group LLC now owns 1,724,462 shares of the oil and gas company’s stock worth $35,593,000 after purchasing an additional 1,074,570 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of GeoPark in the first quarter worth $177,000. Carmignac Gestion bought a new stake in shares of GeoPark in the first quarter worth $8,658,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of GeoPark in the first quarter worth $173,000. 29.56% of the stock is currently owned by hedge funds and other institutional investors.
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.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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