Geopark (NYSE:GPRK) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Geopark Ltd (NYSE:GPRK) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.56 and traded as high as $9.68. Geopark shares last traded at $9.21, with a volume of 1,201,118 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on GPRK. Zacks Research upgraded Geopark to a “hold” rating in a research report on Thursday, January 1st. Jefferies Financial Group restated a “buy” rating and set a $11.50 price objective on shares of Geopark in a research report on Thursday, March 5th. Finally, Weiss Ratings raised Geopark from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Geopark currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.50.

Geopark Stock Performance

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 business has a 50 day moving average price of $8.56 and a 200 day moving average price of $7.64. The stock has a market cap of $472.01 million, a P/E ratio of 14.17 and a beta of 0.44.

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

Geopark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, March 11th. Geopark’s dividend payout ratio (DPR) is 18.46%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GPRK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Geopark by 115.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,962 shares of the oil and gas company’s stock worth $2,302,000 after buying an additional 152,520 shares during the period. Millennium Management LLC boosted its position in Geopark by 139.9% in the 1st quarter. Millennium Management LLC now owns 594,154 shares of the oil and gas company’s stock valued at $4,801,000 after buying an additional 346,521 shares during the period. Goldman Sachs Group Inc. grew its stake in Geopark by 94.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 365,825 shares of the oil and gas company’s stock worth $2,956,000 after acquiring an additional 177,496 shares in the last quarter. Entropy Technologies LP bought a new position in Geopark in the 2nd quarter worth about $99,000. Finally, Virtus Investment Advisers LLC increased its position in shares of Geopark by 42.7% during the second quarter. Virtus Investment Advisers LLC now owns 23,373 shares of the oil and gas company’s stock worth $152,000 after acquiring an additional 6,991 shares during the period. 68.21% of the stock is currently owned by institutional investors.

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.