GeoPark (NYSE:GPRK) Shares Gap Up to $10.19

GeoPark Limited (NYSE:GPRKGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $10.19, but opened at $10.48. GeoPark shares last traded at $10.31, with a volume of 51,576 shares changing hands.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of GeoPark from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 20th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $14.00 target price on shares of GeoPark in a research report on Friday, April 12th. Finally, StockNews.com raised shares of GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $13.17.

Read Our Latest Analysis on GPRK

GeoPark Price Performance

The stock’s 50 day moving average is $9.83 and its two-hundred day moving average is $9.21. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.20 and a quick ratio of 1.13. The stock has a market capitalization of $565.75 million, a PE ratio of 5.01 and a beta of 1.37.

GeoPark (NYSE:GPRKGet Free Report) last released its earnings results on Wednesday, May 15th. The oil and gas company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). GeoPark had a return on equity of 67.81% and a net margin of 15.51%. The firm had revenue of $167.42 million for the quarter, compared to analysts’ expectations of $192.63 million. As a group, sell-side analysts forecast that GeoPark Limited will post 3.23 earnings per share for the current fiscal year.

GeoPark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.147 dividend. This is a positive change from GeoPark’s previous quarterly dividend of $0.14. This represents a $0.59 annualized dividend and a yield of 5.75%. The ex-dividend date is Friday, May 31st. GeoPark’s dividend payout ratio is currently 28.92%.

Hedge Funds Weigh In On GeoPark

Several hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in GeoPark in the first quarter valued at approximately $192,000. Quadrature Capital Ltd increased its stake in GeoPark by 40.6% in the first quarter. Quadrature Capital Ltd now owns 85,080 shares of the oil and gas company’s stock valued at $817,000 after purchasing an additional 24,555 shares during the last quarter. Stokes Family Office LLC purchased a new position in GeoPark in the first quarter valued at approximately $302,000. GSA Capital Partners LLP increased its stake in GeoPark by 67.8% in the first quarter. GSA Capital Partners LLP now owns 148,060 shares of the oil and gas company’s stock valued at $1,421,000 after purchasing an additional 59,834 shares during the last quarter. Finally, SpiderRock Advisors LLC purchased a new position in GeoPark in the first quarter valued at approximately $474,000. 68.21% of the stock is currently owned by hedge funds and other institutional investors.

GeoPark Company Profile

(Get Free Report)

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.

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