GeoPark (GPRK) Shoots Up Following Rejection of Acquisition Proposal

The share price of GeoPark Limited (NYSE:GPRK) surged by 18.97% between October 24 and October 31, 2025, putting it among the Energy Stocks that Gained the Most This Week.

GeoPark Limited (NYSE:GPRK) operates as an oil and natural gas exploration and production company in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries.

GeoPark Limited (NYSE:GPRK) shot up this week after it rejected a proposal by Parex Resources to acquire the company in an all-cash deal at $9 per share. The energy firm’s board determined that the proposal ‘significantly undervalues GeoPark’ and fails to recognize its growth prospects and diversified portfolio. According to Geopark, the proposed deal failed to take into account the company’s projected 46% increase in production and approximately 70% increase in adjusted EBITDA by the end of FY 2028, as outlined in the strategic plan presented at the company’s Investor Day on October 21.

Following the rejection, Parex revealed that it acquired an 11.8% stake in GeoPark Limited (NYSE:GPRK), enabling it to potentially call a special shareholder meeting.

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