Geopark (NYSE:GPRK) Posts Quarterly Earnings Results

Geopark (NYSE:GPRK) issued its quarterly earnings results on Thursday. The oil and gas company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Geopark had a net margin of 10.09% and a return on equity of 39.05%.

Geopark Stock Down 1.2%

Shares of NYSE:GPRK opened at $9.12 on Friday. The firm’s 50 day moving average price is $8.94 and its 200 day moving average price is $8.02. The stock has a market cap of $471.34 million, a price-to-earnings ratio of 9.70 and a beta of 0.35. Geopark has a fifty-two week low of $5.75 and a fifty-two week high of $10.34. The company has a quick ratio of 1.51, a current ratio of 1.60 and a debt-to-equity ratio of 2.18.

Geopark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 11th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.12 annualized dividend and a yield of 1.3%. Geopark’s dividend payout ratio (DPR) is 12.77%.

Insiders Place Their Bets

In related news, Director James Franklin Park sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $8.83, for a total value of $883,000.00. Following the sale, the director owned 912,118 shares of the company’s stock, valued at $8,054,001.94. This trade represents a 9.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Geopark

Several hedge funds have recently added to or reduced their stakes in GPRK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Geopark by 115.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,962 shares of the oil and gas company’s stock valued at $2,302,000 after acquiring an additional 152,520 shares in the last quarter. Millennium Management LLC raised its holdings in Geopark by 139.9% in the first quarter. Millennium Management LLC now owns 594,154 shares of the oil and gas company’s stock valued at $4,801,000 after acquiring an additional 346,521 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Geopark by 94.2% in the first quarter. Goldman Sachs Group Inc. now owns 365,825 shares of the oil and gas company’s stock valued at $2,956,000 after acquiring an additional 177,496 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Geopark in the second quarter valued at approximately $401,000. Finally, Nebula Research & Development LLC increased its stake in Geopark by 11.5% in the second quarter. Nebula Research & Development LLC now owns 27,028 shares of the oil and gas company’s stock valued at $176,000 after purchasing an additional 2,793 shares during the last quarter. Institutional investors and hedge funds own 68.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on GPRK shares. Jefferies Financial Group reissued a “buy” rating and set a $11.50 price target on shares of Geopark in a research report on Thursday, March 5th. Weiss Ratings raised shares of Geopark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, Zacks Research raised shares of Geopark to a “hold” rating in a research report on Thursday, January 1st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Geopark presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

Geopark Company Profile

Geopark Ltd. (NYSE:GPRK) is an independent oil and gas exploration and production company focused on Latin America. Founded in 2002 and with corporate offices in Canada and regional headquarters in Bogotá, Colombia, Geopark pursues the discovery and development of unconventional and conventional hydrocarbon resources. The company’s strategy emphasizes asset consolidation in established basins alongside disciplined capital allocation to maximize production efficiency.

The company’s core operations are centered in Colombia’s Llanos Basin, where it holds interests in several producing blocks that deliver light crude oil to local and export markets.