Geopark (NYSE:GPRK) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Geopark Ltd (NYSE:GPRK) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.88 and traded as low as $5.97. Geopark shares last traded at $5.98, with a volume of 1,505,759 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Santander assumed coverage on Geopark in a research note on Friday, August 29th. They set an “outperform” rating for the company. Wall Street Zen upgraded shares of Geopark from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $11.00.

Geopark Price Performance

The stock has a market capitalization of $306.48 million, a P/E ratio of 7.20 and a beta of 0.83. The business’s 50 day simple moving average is $6.53 and its two-hundred day simple moving average is $6.88. The company has a quick ratio of 2.42, a current ratio of 2.47 and a debt-to-equity ratio of 2.92.

Geopark (NYSE:GPRK) last released its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. Geopark had a net margin of 7.70% and a return on equity of 35.65%. The firm had revenue of $119.80 million for the quarter, compared to analyst estimates of $123.00 million. As a group, sell-side analysts forecast that Geopark Ltd will post 1.97 earnings per share for the current fiscal year.

Geopark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Tuesday, August 19th were given a dividend of $0.147 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend was Tuesday, August 19th. Geopark’s dividend payout ratio (DPR) is presently 71.08%.

Hedge Funds Weigh In On Geopark

Large investors have recently modified their holdings of the business. SVB Wealth LLC bought a new position in shares of Geopark in the first quarter valued at approximately $27,000. Cambridge Investment Research Advisors Inc. purchased a new position in Geopark during the 1st quarter valued at $99,000. Entropy Technologies LP bought a new stake in shares of Geopark during the 2nd quarter valued at $99,000. Hsbc Holdings PLC bought a new position in Geopark in the 1st quarter worth about $100,000. Finally, R Squared Ltd bought a new position in Geopark in the 2nd quarter worth about $113,000. Hedge funds and other institutional investors own 68.21% of the company’s stock.

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.