Is Buying GeoPark Limited (GPRK) Here a Winning Strategy?

June 13, 2018 - By Hazel Jackson

GeoPark Limited (NYSE:GPRK) Logo

The stock of GeoPark Limited (NYSE:GPRK) hit a new 52-week high and has $20.81 target or 5.00 % above today’s $19.82 share price. The 5 months bullish chart indicates low risk for the $1.20 billion company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $20.81 price target is reached, the company will be worth $60.05 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 3.77% or $0.72 during the last trading session, reaching $19.82. About 327,437 shares traded. GeoPark Limited (NYSE:GPRK) has risen 75.54% since June 13, 2017 and is uptrending. It has outperformed by 62.97% the S&P500.

GeoPark Limited (NYSE:GPRK) Ratings Coverage

Among 2 analysts covering GeoPark (NYSE:GPRK), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. GeoPark has $2200 highest and $11.5 lowest target. $21.50’s average target is 8.48% above currents $19.82 stock price. GeoPark had 9 analyst reports since December 19, 2017 according to SRatingsIntel. Canaccord Genuity maintained GeoPark Limited (NYSE:GPRK) rating on Monday, February 5. Canaccord Genuity has “Buy” rating and $13.0 target. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, December 19. Canaccord Genuity maintained the shares of GPRK in report on Monday, January 8 with “Buy” rating. The rating was maintained by GMP Securities on Thursday, March 8 with “Buy”. Canaccord Genuity maintained GeoPark Limited (NYSE:GPRK) rating on Wednesday, April 11. Canaccord Genuity has “Buy” rating and $15.5000 target. Canaccord Genuity maintained GeoPark Limited (NYSE:GPRK) rating on Thursday, May 17. Canaccord Genuity has “Buy” rating and $2100 target. The stock of GeoPark Limited (NYSE:GPRK) has “Buy” rating given on Wednesday, December 20 by GMP Securities. The rating was maintained by GMP Securities with “Buy” on Tuesday, April 17. GMP Securities maintained it with “Buy” rating and $15.75 target in Wednesday, January 10 report.

More news for GeoPark Limited (NYSE:GPRK) were recently published by: Seekingalpha.com, which released: “GeoPark acquires new Argentina block in partnership with YPF” on June 11, 2018. Benzinga.com‘s article titled: “EnerCom Updates List of Presenters for The Oil & Gas Conference┬« 23” and published on June 13, 2018 is yet another important article.

GeoPark Limited engages in the exploration, development, and production of gas and oil reserves in Chile, Colombia, Brazil, Peru, and Argentina. The company has market cap of $1.20 billion. As of December 31, 2016, the firm had working and/or economic interests in 26 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field. It currently has negative earnings. It had net proved reserves of 73.6 million barrels of oil equivalent.

GeoPark Limited (NYSE:GPRK) Ratings Chart

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