Geopark (NYSE:GPRK) Trading 9.2% Higher – Here’s What Happened

Geopark Ltd (NYSE:GPRK)’s stock price traded up 9.2% during mid-day trading on Monday . The stock traded as high as $11.10 and last traded at $11.1890. 259,010 shares were traded during mid-day trading, a decline of 71% from the average session volume of 882,247 shares. The stock had previously closed at $10.25.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings raised Geopark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $11.50 price target on shares of Geopark in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.50.

Geopark Trading Up 6.9%

The firm has a market capitalization of $566.74 million, a price-to-earnings ratio of 10.45 and a beta of 0.36. The business has a 50-day moving average of $9.45 and a two-hundred day moving average of $8.50. The company has a quick ratio of 0.96, a current ratio of 1.00 and a debt-to-equity ratio of 1.51.

Geopark (NYSE:GPRK) last released its earnings results on Wednesday, May 6th. The oil and gas company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. Geopark had a return on equity of 36.71% and a net margin of 11.74%.The business had revenue of $128.40 million for the quarter, compared to the consensus estimate of $140.00 million.

Geopark Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.023 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.09 dividend on an annualized basis and a yield of 0.8%. Geopark’s dividend payout ratio (DPR) is currently 8.57%.

Insider Buying and Selling

In other Geopark news, Director James Franklin Park sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $8.83, for a total transaction of $883,000.00. Following the completion of the transaction, the director owned 912,118 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Geopark by 86.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,775 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 3,134 shares during the last quarter. State of Wyoming raised its stake in shares of Geopark by 39.2% in the third quarter. State of Wyoming now owns 9,727 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 2,740 shares during the last quarter. StoneX Group Inc. bought a new position in shares of Geopark in the fourth quarter valued at approximately $101,000. Walleye Capital LLC bought a new position in shares of Geopark in the first quarter valued at approximately $159,000. Finally, PharVision Advisers LLC bought a new position in shares of Geopark in the third quarter valued at approximately $117,000. Institutional investors own 68.21% of the company’s stock.

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.