Geopark Ltd (GPRK) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Geopark Ltd (NYSE:GPRK) from a sell rating to a hold rating in a research note published on Tuesday.
According to Zacks, “GeoPark Ltd is an explorer, operator and consolidator of oil and gas. The company operates primarily in Chile, Colombia, Brazil and Argentina. GeoPark Ltd is based in Hamilton, Bermuda. “
GPRK has been the topic of a number of other reports. Eurobank EFG started coverage on shares of Geopark in a research note on Thursday, May 25th. They issued a buy rating and a $12.00 target price on the stock. TheStreet raised shares of Geopark from a d rating to a c- rating in a research note on Monday, April 24th. Echelon Wealth Partners started coverage on shares of Geopark in a research note on Thursday, May 25th. They issued a buy rating and a $12.00 target price on the stock. GMP Securities reaffirmed a buy rating and issued a $10.00 target price on shares of Geopark in a research note on Friday, August 11th. Finally, ValuEngine raised shares of Geopark from a sell rating to a hold rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $10.90.
Geopark (NYSE:GPRK) traded down 2.24% during midday trading on Tuesday, reaching $8.31. 52,064 shares of the company’s stock were exchanged. The stock’s market cap is $498.98 million. Geopark has a 12 month low of $3.16 and a 12 month high of $9.69. The firm has a 50 day moving average of $8.61 and a 200-day moving average of $7.34.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Trexquant Investment LP acquired a new position in Geopark during the second quarter valued at approximately $102,000. Sit Investment Associates Inc. increased its position in Geopark by 147.5% in the second quarter. Sit Investment Associates Inc. now owns 14,600 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 8,700 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Geopark during the second quarter valued at approximately $114,000. GSA Capital Partners LLP acquired a new position in Geopark during the second quarter valued at approximately $129,000. Finally, Driehaus Capital Management LLC increased its position in Geopark by 81.6% in the first quarter. Driehaus Capital Management LLC now owns 19,880 shares of the oil and gas company’s stock valued at $143,000 after buying an additional 8,930 shares during the period. 14.11% of the stock is currently owned by hedge funds and other institutional investors.
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