Zacks Investment Research lowered shares of Geopark Ltd (NYSE:GPRK) from a hold rating to a sell rating in a report issued on Wednesday, July 19th.
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. “
Other analysts also recently issued research reports about the company. EuroPacific Canada assumed coverage on Geopark in a report on Thursday, May 25th. They set a buy rating and a $12.00 price objective on the stock. ValuEngine upgraded Geopark from a sell rating to a hold rating in a report on Friday, June 2nd. Echelon Wealth Partners began coverage on Geopark in a research note on Thursday, May 25th. They set a buy rating and a $12.00 target price on the stock. TheStreet raised Geopark from a d rating to a c- rating in a research note on Monday, April 24th. Finally, Eurobank EFG began coverage on Geopark in a research note on Thursday, May 25th. They set a buy rating and a $12.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $10.90.
Geopark (GPRK) traded down 1.71% during midday trading on Wednesday, hitting $8.63. 71,041 shares of the company traded hands. The stock has a 50 day moving average price of $8.51 and a 200-day moving average price of $7.30. The company’s market cap is $518.20 million. Geopark has a 12-month low of $3.16 and a 12-month high of $9.69.
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A number of institutional investors have recently added to or reduced their stakes in GPRK. Trexquant Investment LP acquired a new position in Geopark during the second quarter valued at $102,000. Sit Investment Associates Inc. boosted 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. GSA Capital Partners LLP acquired a new position in Geopark during the second quarter valued at $129,000. Citadel Advisors LLC purchased a new stake in shares of Geopark during the second quarter valued at approximately $144,000. Finally, Driehaus Capital Management LLC boosted its stake in shares of 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 last quarter. 14.11% of the stock is currently owned by institutional investors.
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