Geopark (NYSE:GPRK) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Geopark Ltd (NYSE:GPRK) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.05 and traded as high as $8.77. Geopark shares last traded at $8.3380, with a volume of 1,184,080 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on GPRK. Zacks Research upgraded Geopark to a “hold” rating in a research report on Thursday, January 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $11.50 price objective on shares of Geopark in a research report on Thursday, March 5th. Finally, Weiss Ratings upgraded shares of Geopark from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.50.

Geopark Trading Down 4.6%

The company has a quick ratio of 2.57, a current ratio of 2.63 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $427.32 million, a PE ratio of 12.83 and a beta of 0.44. The stock’s fifty day moving average price is $8.05 and its two-hundred day moving average price is $7.41.

Geopark (NYSE:GPRK) last announced its quarterly earnings results on Wednesday, March 11th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.61. Geopark had a return on equity of 33.42% and a net margin of 6.45%.The company had revenue of $110.30 million for the quarter, compared to the consensus estimate of $120.00 million. Sell-side analysts anticipate that Geopark Ltd will post 1.97 earnings per share for the current year.

Geopark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 11th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, March 11th. Geopark’s dividend payout ratio is currently 18.46%.

Institutional Trading of Geopark

Several large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its holdings in Geopark by 86.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,775 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 3,134 shares in the last quarter. State of Wyoming increased its position in shares of Geopark by 39.2% during the third quarter. State of Wyoming now owns 9,727 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 2,740 shares during the period. Entropy Technologies LP purchased a new position in shares of Geopark during the second quarter valued at about $99,000. StoneX Group Inc. bought a new position in Geopark in the fourth quarter worth about $101,000. Finally, PharVision Advisers LLC purchased a new stake in Geopark in the third quarter worth about $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.