Geopark (NYSE:GPRK) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Geopark (NYSE:GPRK) announced its quarterly earnings results on Monday. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.12 by $0.10, Zacks reports. Geopark had a return on equity of 36.71% and a net margin of 11.74%.The business had revenue of $143.32 million for the quarter, compared to analyst estimates of $185.50 million.

Geopark Trading Up 0.6%

Shares of NYSE:GPRK traded up $0.06 during midday trading on Wednesday, hitting $9.44. The company had a trading volume of 281,680 shares, compared to its average volume of 773,924. The company has a current ratio of 1.00, a quick ratio of 0.96 and a debt-to-equity ratio of 1.51. Geopark has a 12 month low of $5.75 and a 12 month high of $11.87. The firm has a fifty day simple moving average of $9.99 and a 200 day simple moving average of $9.29. The stock has a market cap of $487.91 million, a price-to-earnings ratio of 8.99 and a beta of 0.39.

Geopark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a $0.023 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.0%. Geopark’s dividend payout ratio is 8.57%.

Hedge Funds Weigh In On Geopark

Several institutional investors have recently modified their holdings of GPRK. Caitong International Asset Management Co. Ltd boosted its stake in 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 worth $50,000 after acquiring an additional 3,134 shares during the last quarter. StoneX Group Inc. bought a new stake in shares of Geopark in the 4th quarter valued at $101,000. PharVision Advisers LLC acquired a new stake in Geopark during the 3rd quarter worth $117,000. Graham Capital Management L.P. bought a new position in Geopark during the fourth quarter worth about $139,000. Finally, Osaic Holdings Inc. grew its stake in Geopark by 2,588.2% in the fourth quarter. Osaic Holdings Inc. now owns 19,113 shares of the oil and gas company’s stock valued at $142,000 after acquiring an additional 18,402 shares during the period. 68.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GPRK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Geopark in a research note on Friday, July 17th. Wall Street Zen raised Geopark to a “strong-buy” rating in a report on Saturday, July 4th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.50.

Geopark Company Profile

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.