Geopark (GPRK) Cut to Sell at Zacks Investment Research
Zacks Investment Research cut shares of Geopark (NYSE:GPRK) from a strong-buy rating to a sell rating in a report issued 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. “
A number of other analysts have also recently weighed in on GPRK. Scotiabank increased their price target on shares of Geopark from $10.00 to $10.50 and gave the stock an outperform rating in a research note on Thursday, November 16th. GMP Securities reiterated a buy rating and set a $14.00 price target on shares of Geopark in a research note on Sunday, November 19th. TheStreet cut shares of Geopark from a c- rating to a d+ rating in a research note on Wednesday, November 29th. ValuEngine cut shares of Geopark from a hold rating to a sell rating in a research note on Friday, December 1st. Finally, Canaccord Genuity set a $12.00 price target on shares of Geopark and gave the stock a buy rating in a research note on Monday, December 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $12.93.
Several hedge funds have recently added to or reduced their stakes in GPRK. Ingalls & Snyder LLC acquired a new stake in shares of Geopark in the 3rd quarter worth $105,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Geopark in the 2nd quarter worth $114,000. Citadel Advisors LLC acquired a new stake in shares of Geopark in the 4th quarter worth $121,000. GSA Capital Partners LLP acquired a new stake in shares of Geopark in the 2nd quarter worth $129,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Geopark in the 2nd quarter worth $161,000. Institutional investors own 19.75% of the company’s stock.
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Geopark Company Profile
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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