Geopark (NYSE:GPRK) Posts Quarterly Earnings Results, Beats Expectations By $0.61 EPS

Geopark (NYSE:GPRK) posted its quarterly earnings data on Wednesday. The oil and gas company reported $0.60 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.61, Zacks reports. Geopark had a net margin of 6.45% and a return on equity of 33.42%. The firm had revenue of $110.30 million during the quarter, compared to analyst estimates of $120.00 million.

Geopark Price Performance

Shares of NYSE GPRK traded up $0.27 during midday trading on Thursday, hitting $8.65. 470,091 shares of the company’s stock were exchanged, compared to its average volume of 693,467. The company has a current ratio of 2.63, a quick ratio of 2.57 and a debt-to-equity ratio of 2.70. The business’s fifty day moving average price is $7.83 and its two-hundred day moving average price is $7.28. The company has a market cap of $443.06 million, a price-to-earnings ratio of 13.28 and a beta of 0.47. Geopark has a 12-month low of $5.66 and a 12-month high of $9.09.

Geopark Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on GPRK. Weiss Ratings upgraded shares of Geopark from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Zacks Research upgraded shares of Geopark to a “hold” rating in a research note on Thursday, January 1st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Geopark has a consensus rating of “Hold”.

Institutional Investors Weigh In On Geopark

Several hedge funds have recently added to or reduced their stakes in GPRK. Caitong International Asset Management Co. Ltd increased its position in shares of Geopark by 86.1% during the 4th 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 purchasing an additional 3,134 shares during the last quarter. StoneX Group Inc. purchased a new stake in Geopark in the fourth quarter worth approximately $101,000. PharVision Advisers LLC bought a new position in Geopark during the third quarter valued at approximately $117,000. Graham Capital Management L.P. purchased a new position in shares of Geopark during the fourth quarter worth approximately $139,000. Finally, Osaic Holdings Inc. raised its stake in shares of Geopark by 2,588.2% during the fourth quarter. Osaic Holdings Inc. now owns 19,113 shares of the oil and gas company’s stock worth $142,000 after acquiring an additional 18,402 shares in the last quarter. 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.