Equities researchers at Canaccord Genuity began coverage on shares of Geopark Ltd (NYSE:GPRK) in a research note issued to investors on Thursday. The brokerage set a “buy” rating and a $11.50 price target on the oil and gas company’s stock. Canaccord Genuity’s price objective indicates a potential upside of 30.39% from the company’s current price.

A number of other analysts have also recently weighed in on GPRK. GMP Securities reiterated a “buy” rating and set a $10.00 price target on shares of Geopark in a research report on Friday, August 11th. Zacks Investment Research upgraded Geopark from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Eurobank EFG assumed coverage on Geopark in a research report on Thursday, May 25th. They set a “buy” rating and a $12.00 price target on the stock. EuroPacific Canada assumed coverage on Geopark in a research report on Thursday, May 25th. They set a “buy” rating and a $12.00 price target on the stock. Finally, Echelon Wealth Partners assumed coverage on Geopark in a research report on Thursday, May 25th. They set a “buy” rating and a $12.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $11.00.

Geopark (GPRK) opened at 8.82 on Thursday. The firm has a 50 day moving average price of $8.22 and a 200 day moving average price of $7.84. The stock’s market capitalization is $529.78 million. Geopark has a 52 week low of $3.16 and a 52 week high of $9.69.

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Hedge funds have recently modified their holdings of the stock. Trexquant Investment LP bought a new position in Geopark in the 2nd quarter worth approximately $102,000. Sit Investment Associates Inc. grew its holdings in Geopark by 147.5% in the 2nd quarter. Sit Investment Associates Inc. now owns 14,600 shares of the oil and gas company’s stock worth $110,000 after buying an additional 8,700 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Geopark in the 2nd quarter worth approximately $114,000. GSA Capital Partners LLP bought a new position in Geopark in the 2nd quarter worth approximately $129,000. Finally, Citadel Advisors LLC bought a new position in Geopark in the 2nd quarter worth approximately $144,000. 14.15% of the stock is owned by institutional investors and hedge funds.

About Geopark

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, 2016, the company had working and/or economic interests in 26 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field.

Analyst Recommendations for Geopark (NYSE:GPRK)

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