Somewhat Positive News Coverage Somewhat Unlikely to Impact Geopark (GPRK) Stock Price
Media stories about Geopark (NYSE:GPRK) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Geopark earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.0836211673115 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several research firms have recently weighed in on GPRK. GMP Securities reissued a “buy” rating and issued a $10.00 price target on shares of Geopark in a research note on Friday, August 11th. Zacks Investment Research raised shares of Geopark from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Canaccord Genuity began coverage on shares of Geopark in a research note on Thursday, September 21st. They issued a “buy” rating and a $11.50 price target for the company. Finally, ValuEngine raised shares of Geopark from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $11.00.
Geopark (NYSE:GPRK) traded down 2.01% during mid-day trading on Friday, hitting $8.76. 121,796 shares of the stock traded hands. Geopark has a 12-month low of $3.29 and a 12-month high of $9.69. The firm’s 50-day moving average is $8.22 and its 200-day moving average is $7.84. The company’s market cap is $526.18 million.
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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.
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