Insider Selling: Geopark (NYSE:GPRK) Director Sells $1,158,000.00 in Stock

Geopark Ltd (NYSE:GPRK) Director James Franklin Park sold 120,000 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $9.65, for a total transaction of $1,158,000.00. Following the transaction, the director owned 792,118 shares of the company’s stock, valued at approximately $7,643,938.70. This represents a 13.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Geopark Stock Performance

GPRK opened at $9.46 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.15 and a current ratio of 1.17. The stock has a market capitalization of $489.44 million, a price-to-earnings ratio of 6.44 and a beta of 0.39. The company has a fifty day moving average of $9.78 and a 200 day moving average of $9.38. Geopark Ltd has a fifty-two week low of $5.75 and a fifty-two week high of $11.87.

Geopark (NYSE:GPRK) last announced its quarterly earnings results on Monday, August 3rd. The oil and gas company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.12 by $0.10. The business had revenue of $143.30 million for the quarter, compared to analysts’ expectations of $185.50 million. Geopark had a net margin of 16.00% and a return on equity of 31.33%.

Geopark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a $0.023 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 19th. Geopark’s payout ratio is currently 6.12%.

Hedge Funds Weigh In On Geopark

A number of institutional investors and hedge funds have recently made changes to their positions in GPRK. Renaissance Technologies LLC raised its position in shares of Geopark by 21.2% during the 1st quarter. Renaissance Technologies LLC now owns 3,309,031 shares of the oil and gas company’s stock valued at $31,436,000 after buying an additional 578,178 shares in the last quarter. Sycale Advisors NY LLC purchased a new position in Geopark in the first quarter worth about $3,222,000. Flax Pond Capital LLC purchased a new position in Geopark in the first quarter worth about $3,352,000. Aventail Capital Group LP bought a new stake in Geopark during the fourth quarter worth approximately $3,164,000. Finally, Banco BTG Pactual S.A. increased its stake in Geopark by 132.4% during the fourth quarter. Banco BTG Pactual S.A. now owns 185,884 shares of the oil and gas company’s stock worth $1,377,000 after acquiring an additional 105,884 shares during the last quarter. 68.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GPRK has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Geopark in a report on Friday, July 17th. Wall Street Zen cut Geopark from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Geopark currently has an average rating of “Moderate Buy” and an average target price of $11.50.

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.