Zacks Investment Research downgraded shares of Geopark Ltd (NYSE:GPRK) from a buy rating to a hold rating in a report released on Thursday morning.

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. “

Shares of Geopark (NYSE:GPRK) traded down 0.64% during trading on Thursday, hitting $4.66. 1,053,695 shares of the company’s stock were exchanged. The company’s market cap is $277.85 million. The company has a 50-day moving average of $4.61 and a 200-day moving average of $3.89. Geopark has a 12-month low of $1.90 and a 12-month high of $5.42.

TRADEMARK VIOLATION WARNING: This news story was first published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States & international copyright laws. The correct version of this news story can be read at http://www.watchlistnews.com/geopark-ltd-gprk-downgraded-by-zacks-investment-research-to-hold/1060593.html.

In other news, major shareholder Financial Group Lp Manchester sold 1,890,547 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $4.62, for a total transaction of $8,734,327.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

A hedge fund recently bought a new stake in Geopark stock. Spark Investment Management LLC bought a new position in Geopark Ltd (NYSE:GPRK) during the third quarter, according to its most recent 13F filing with the SEC. The firm bought 64,710 shares of the company’s stock, valued at approximately $214,000. Spark Investment Management LLC owned about 0.11% of Geopark at the end of the most recent reporting period. Institutional investors and hedge funds own 36.10% of the company’s stock.

5 Day Chart for NYSE:GPRK

Get a free copy of the Zacks research report on Geopark (GPRK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Geopark Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geopark Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.