The stock of Geopark Ltd (NYSE:GPRK) hit a new 52-week high and has $6.58 target or 67.00% above today’s $3.94 share price. The 5 months bullish chart indicates low risk for the $225.64 million company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $6.58 price target is reached, the company will be worth $151.18 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. About 399,550 shares traded hands or 595.38% up from the average. Geopark Ltd (NYSE:GPRK) has risen 30.69% since March 16, 2016 and is uptrending. It has outperformed by 25.15% the S&P500.
According to Zacks Investment Research, “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.”
More notable recent Geopark Ltd (NYSE:GPRK) news were published by: Quotes.Wsj.com which released: “GeoPark Ltd. GPRK (US: NYSE)” on February 07, 2014, also Businesswire.com with their article: “GeoPark Announces 2016 Work and Investment Guidelines” published on January 05, 2016, Streetinsider.com published: “Form 6-K GeoPark Ltd For: Oct 11” on October 11, 2016. More interesting news about Geopark Ltd (NYSE:GPRK) were released by: Seekingalpha.com and their article: “GeoPark’s (GPRK) CEO James Park on Q2 2016 Results – Earnings Call Transcript” published on August 12, 2016 as well as Bloomberg.com‘s news article titled: “GeoPark to ‘Pounce’ on Deals as Cheap Oil Creates Bargains” with publication date: May 23, 2016.
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