Canaccord Genuity Analysts Give Geopark (GPRK) a $12.00 Price Target

Canaccord Genuity set a $12.00 price objective on Geopark (NYSE:GPRK) in a report issued on Monday. The firm currently has a buy rating on the oil and gas company’s stock.

GPRK has been the subject of several other research reports. GMP Securities reiterated a buy rating and set a $10.00 price target on shares of Geopark in a report on Friday, August 11th. Zacks Investment Research upgraded Geopark from a sell rating to a hold rating in a report on Tuesday, August 15th. ValuEngine downgraded Geopark from a hold rating to a sell rating in a report on Friday, December 1st. Scotiabank upped their price target on Geopark from $10.00 to $10.50 and gave the stock an outperform rating in a report on Thursday, November 16th. Finally, TheStreet downgraded Geopark from a c- rating to a d+ rating in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Geopark presently has a consensus rating of Buy and an average price target of $11.75.

Shares of Geopark (NYSE:GPRK) opened at $8.60 on Monday. Geopark has a 1-year low of $4.04 and a 1-year high of $9.98. The company has a quick ratio of 1.75, a current ratio of 1.80 and a debt-to-equity ratio of 3.20.

A number of large investors have recently made changes to their positions in the business. Fred Alger Management Inc. grew its stake in Geopark by 17.2% in the 2nd quarter. Fred Alger Management Inc. now owns 60,705 shares of the oil and gas company’s stock valued at $458,000 after purchasing an additional 8,925 shares during the period. Ingalls & Snyder LLC bought a new position in Geopark in the 3rd quarter valued at $105,000. Trexquant Investment LP bought a new position in Geopark in the 2nd quarter valued at $102,000. Goldman Sachs Group Inc. grew its stake in Geopark by 19.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 89,329 shares of the oil and gas company’s stock valued at $674,000 after purchasing an additional 14,517 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Geopark in the 2nd quarter valued at $114,000. Hedge funds and other institutional investors own 19.12% 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.

Analyst Recommendations for Geopark (NYSE:GPRK)

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