ValuEngine cut shares of GeoPark (NYSE:GPRK) from a buy rating to a hold rating in a report published on Thursday, August 2nd.
Several other equities research analysts also recently weighed in on GPRK. Zacks Investment Research downgraded shares of GeoPark from a buy rating to a hold rating in a research note on Wednesday, April 4th. Scotiabank restated an outperform rating and issued a $16.00 target price on shares of GeoPark in a report on Thursday, April 12th. Canaccord Genuity restated a buy rating on shares of GeoPark in a report on Tuesday, May 8th. Finally, TheStreet upgraded shares of GeoPark from a d+ rating to a c rating in a report on Tuesday, May 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $19.25.
Shares of GeoPark traded down $0.64, reaching $17.37, on Thursday, MarketBeat reports. The company had a trading volume of 387,488 shares, compared to its average volume of 287,427. GeoPark has a 52-week low of $7.45 and a 52-week high of $21.88. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -56.03 and a beta of -0.08. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.22.
Hedge funds have recently added to or reduced their stakes in the company. Pendal Group Ltd acquired a new stake in shares of GeoPark in the first quarter worth approximately $124,000. Russell Investments Group Ltd. acquired a new position in GeoPark during the first quarter valued at approximately $173,000. Jane Street Group LLC acquired a new position in GeoPark during the first quarter valued at approximately $177,000. American Century Companies Inc. acquired a new position in GeoPark during the first quarter valued at approximately $202,000. Finally, Eqis Capital Management Inc. acquired a new position in GeoPark during the second quarter valued at approximately $205,000. Institutional investors own 23.86% of the company’s stock.
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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