Geopark’s (NYSE:GPRK) “Buy” Rating Reiterated at Canaccord Genuity

Geopark (NYSE:GPRK)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday, January 9th. They presently have a $13.00 price objective on the oil and gas company’s stock. Canaccord Genuity’s target price would indicate a potential upside of 21.50% from the company’s previous close.

Several other research firms also recently weighed in on GPRK. GMP Securities reiterated a “buy” rating and issued a $14.00 price target on shares of Geopark in a research report on Sunday, November 19th. Zacks Investment Research upgraded shares of Geopark from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Friday, October 27th. 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 report on Thursday, November 16th. ValuEngine downgraded shares of Geopark from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, TheStreet downgraded shares of Geopark from a “c-” rating to a “d+” rating in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $12.11.

Geopark (NYSE:GPRK) traded up $0.04 during trading hours on Tuesday, hitting $10.70. 99,000 shares of the stock were exchanged, compared to its average volume of 138,300. Geopark has a 1 year low of $4.60 and a 1 year high of $11.14. The company has a current ratio of 1.80, a quick ratio of 1.75 and a debt-to-equity ratio of 3.20. The stock has a market capitalization of $641.37, a PE ratio of -15.74 and a beta of 0.24.

Geopark (NYSE:GPRK) last issued its quarterly earnings data on Thursday, November 16th. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.48). Geopark had a negative net margin of 14.14% and a negative return on equity of 24.43%. sell-side analysts forecast that Geopark will post 0.11 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of GPRK. AJO LP purchased a new position in shares of Geopark during the 2nd quarter worth about $2,617,000. Victory Capital Management Inc. boosted its stake in shares of Geopark by 1,202.0% during the 3rd quarter. Victory Capital Management Inc. now owns 291,683 shares of the oil and gas company’s stock worth $2,555,000 after purchasing an additional 269,281 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Geopark during the 3rd quarter worth about $1,108,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Geopark during the 2nd quarter worth about $635,000. Finally, Royce & Associates LP purchased a new position in shares of Geopark during the 3rd quarter worth about $657,000. 19.08% of the stock is owned by institutional investors.

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About Geopark

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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