Geopark (NYSE:GPRK) Announces Earnings Results

Geopark (NYSE:GPRK) issued its quarterly earnings data on Wednesday. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.11, Zacks reports. Geopark had a return on equity of 35.65% and a net margin of 7.70%.The business had revenue of $119.00 million during the quarter, compared to the consensus estimate of $114.00 million.

Geopark Stock Performance

Geopark stock traded down $0.08 during mid-day trading on Friday, reaching $8.23. 881,822 shares of the stock traded hands, compared to its average volume of 994,159. The stock has a market capitalization of $421.51 million, a PE ratio of 9.91 and a beta of 0.77. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.47 and a quick ratio of 2.42. The business’s 50-day moving average is $6.65 and its 200-day moving average is $6.75. Geopark has a 12-month low of $5.66 and a 12-month high of $11.72.

Geopark Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Wednesday, November 19th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.12 dividend on an annualized basis and a yield of 1.5%. Geopark’s payout ratio is 69.88%.

Institutional Trading of Geopark

Several institutional investors and hedge funds have recently modified their holdings of GPRK. Millennium Management LLC raised its holdings in Geopark by 139.9% in the 1st quarter. Millennium Management LLC now owns 594,154 shares of the oil and gas company’s stock worth $4,801,000 after purchasing an additional 346,521 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Geopark by 41.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 402,871 shares of the oil and gas company’s stock worth $2,627,000 after buying an additional 117,909 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Geopark by 94.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 365,825 shares of the oil and gas company’s stock valued at $2,956,000 after buying an additional 177,496 shares in the last quarter. Militia Capital Partners LP lifted its position in shares of Geopark by 2.9% during the 2nd quarter. Militia Capital Partners LP now owns 299,000 shares of the oil and gas company’s stock valued at $1,949,000 after buying an additional 8,553 shares in the last quarter. Finally, Engineers Gate Manager LP grew its stake in Geopark by 92.8% in the 2nd quarter. Engineers Gate Manager LP now owns 221,832 shares of the oil and gas company’s stock valued at $1,446,000 after acquiring an additional 106,774 shares during the period. 68.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on GPRK. Weiss Ratings restated a “hold (c-)” rating on shares of Geopark in a report on Wednesday, October 8th. Wall Street Zen raised Geopark from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Santander started coverage on Geopark in a research report on Friday, August 29th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Geopark currently has an average rating of “Moderate Buy”.

Geopark Company Profile

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.