Geopark (NYSE:GPRK) Posts Earnings Results, Beats Estimates By $0.10 EPS

Geopark (NYSE:GPRK) released its quarterly earnings results on Tuesday. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.10, Zacks reports. Geopark had a return on equity of 36.71% and a net margin of 11.74%.

Geopark Price Performance

Shares of GPRK traded down $0.14 during trading hours on Tuesday, reaching $9.36. 469,246 shares of the company traded hands, compared to its average volume of 777,273. The company has a quick ratio of 0.96, a current ratio of 1.00 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $484.06 million, a PE ratio of 8.92 and a beta of 0.39. Geopark has a fifty-two week low of $5.75 and a fifty-two week high of $11.87. The stock has a fifty day simple moving average of $10.00 and a 200 day simple moving average of $9.28.

Analyst Ratings Changes

A number of brokerages recently commented on GPRK. Wall Street Zen raised shares of Geopark to a “strong-buy” rating in a research note on Saturday, July 4th. Weiss Ratings restated a “hold (c)” rating on shares of Geopark in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPRK. State Street Corp raised its holdings in Geopark by 4.7% in the fourth quarter. State Street Corp now owns 26,987 shares of the oil and gas company’s stock valued at $200,000 after buying an additional 1,216 shares during the period. Fox Run Management L.L.C. lifted its position in Geopark by 4.6% during the fourth quarter. Fox Run Management L.L.C. now owns 52,100 shares of the oil and gas company’s stock valued at $386,000 after buying an additional 2,279 shares in the last quarter. Glenorchy Capital Ltd grew its stake in Geopark by 1.4% during the second quarter. Glenorchy Capital Ltd now owns 181,274 shares of the oil and gas company’s stock worth $1,182,000 after buying an additional 2,562 shares during the period. Nebula Research & Development LLC grew its stake in Geopark by 11.5% during the second quarter. Nebula Research & Development LLC now owns 27,028 shares of the oil and gas company’s stock worth $176,000 after buying an additional 2,793 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in Geopark by 86.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,775 shares of the oil and gas company’s stock worth $50,000 after buying an additional 3,134 shares during the period. 68.21% of the stock is currently owned by hedge funds and other institutional investors.

About Geopark

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.