Geopark (NYSE:GPRK) Announces Earnings Results, Beats Estimates By $0.11 EPS

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

Geopark Price Performance

NYSE GPRK traded down $0.08 during trading hours on Friday, reaching $8.23. 881,822 shares of the company’s stock were exchanged, compared to its average volume of 994,159. The firm has a fifty day moving average of $6.65 and a 200-day moving average of $6.75. The company has a current ratio of 2.47, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. Geopark has a one year low of $5.66 and a one year high of $11.72. The stock has a market cap of $421.51 million, a PE ratio of 9.91 and a beta of 0.77.

Geopark Cuts Dividend

The business also recently declared 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. This represents a $0.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, November 19th. Geopark’s dividend payout ratio is 69.88%.

Analysts Set New Price Targets

Several analysts have recently issued reports on GPRK shares. Wall Street Zen raised shares of Geopark from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Santander started coverage on shares of Geopark in a research report on Friday, August 29th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Geopark in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Geopark

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Geopark by 115.2% in the 1st 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 purchasing an additional 152,520 shares during the period. Millennium Management LLC lifted its holdings in Geopark by 139.9% during 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 last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Geopark by 94.2% during the first quarter. Goldman Sachs Group Inc. now owns 365,825 shares of the oil and gas company’s stock worth $2,956,000 after purchasing an additional 177,496 shares during the period. Quantbot Technologies LP bought a new stake in Geopark during the second quarter worth about $401,000. Finally, Nebula Research & Development LLC boosted 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 buying an additional 2,793 shares in the last quarter. 68.21% of the stock is owned by institutional investors.

About Geopark

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.