Zacks Investment Research Downgrades Geopark (GPRK) to Sell
Geopark (NYSE:GPRK) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “sell” rating in a research note issued to investors 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. “
GPRK has been the subject of a number of other reports. GMP Securities reaffirmed a “buy” rating and issued a $15.50 price target on shares of Geopark in a report on Thursday, December 21st. Canaccord Genuity reaffirmed a “buy” rating and issued a $13.00 price target on shares of Geopark in a report on Tuesday, January 9th. TheStreet downgraded Geopark from a “c-” rating to a “d+” rating in a report on Wednesday, November 29th. ValuEngine downgraded Geopark from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Scotiabank upped their price target on Geopark from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $12.93.
A number of hedge funds and other institutional investors have recently modified their holdings of GPRK. Ingalls & Snyder LLC purchased a new stake in Geopark in the third quarter valued at approximately $105,000. Dynamic Technology Lab Private Ltd purchased a new stake in Geopark in the second quarter valued at approximately $114,000. Citadel Advisors LLC purchased a new stake in Geopark in the fourth quarter valued at approximately $121,000. GSA Capital Partners LLP purchased a new stake in Geopark in the second quarter valued at approximately $129,000. Finally, Virtu KCG Holdings LLC purchased a new stake in Geopark in the second quarter valued at approximately $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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