Geopark (NYSE:GPRK) Announces Earnings Results

Geopark (NYSE:GPRK) posted its quarterly earnings results on Wednesday. The oil and gas company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $114.00 million.

Geopark Stock Performance

Shares of NYSE:GPRK traded up $0.58 on Thursday, reaching $8.31. The company’s stock had a trading volume of 2,283,031 shares, compared to its average volume of 994,686. The stock’s 50-day moving average is $6.59 and its two-hundred day moving average is $6.73. Geopark has a 52-week low of $5.66 and a 52-week high of $11.72. 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 stock has a market capitalization of $425.86 million, a P/E ratio of 10.01 and a beta of 0.77.

Geopark Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Wednesday, November 19th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, November 19th. Geopark’s dividend payout ratio is presently 69.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Geopark in a research report on Wednesday, October 8th. Santander assumed coverage on shares of Geopark in a research report on Friday, August 29th. They issued an “outperform” rating for the company. Finally, Wall Street Zen raised shares of Geopark from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On Geopark

A number of institutional investors and hedge funds have recently made changes to their positions in GPRK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 buying an additional 152,520 shares during the last quarter. Millennium Management LLC raised its holdings in shares of 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 buying an additional 346,521 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of 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 buying an additional 177,496 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Geopark in the second quarter valued at about $401,000. Finally, Nebula Research & Development LLC raised its holdings in shares of 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 during the last quarter. 68.21% of the stock is owned by hedge funds and other institutional investors.

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.