Geopark (NYSE:GPRK) Issues Quarterly Earnings Results

Geopark (NYSE:GPRK) issued its earnings results on Tuesday. The oil and gas company reported $0.10 EPS for the quarter, FiscalAI reports. The business had revenue of $116.20 million during the quarter. Geopark had a return on equity of 31.33% and a net margin of 16.00%.

Geopark Price Performance

Shares of GPRK stock traded down $0.04 on Tuesday, reaching $10.34. The company’s stock had a trading volume of 763,311 shares, compared to its average volume of 779,315. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.21. Geopark has a 12-month low of $6.84 and a 12-month high of $13.13. The company has a market capitalization of $534.73 million, a P/E ratio of 7.03 and a beta of 0.45. The stock’s 50 day simple moving average is $11.15 and its 200-day simple moving average is $9.77.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GPRK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Geopark in a report on Thursday, October 15th. Jefferies Financial Group raised their price objective on shares of Geopark from $12.00 to $13.50 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Finally, Wall Street Zen cut shares of Geopark from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.50.

Insider Transactions at Geopark

In related news, Director James Park sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $11.92, for a total transaction of $1,192,000.00. Following the completion of the transaction, the director directly owned 692,118 shares in the company, valued at $8,250,046.56. The trade was a 12.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Geopark

Several institutional investors and hedge funds have recently modified their holdings of GPRK. Public Employees Retirement System of Ohio purchased a new position in shares of Geopark during the second quarter worth about $29,000. Ramsey Quantitative Systems bought a new position in shares of Geopark in the second quarter worth approximately $143,000. Walleye Capital LLC purchased a new stake in Geopark in the first quarter valued at approximately $159,000. Pale Fire Capital SE purchased a new stake in Geopark in the first quarter valued at approximately $204,000. Finally, Modern Wealth Management LLC purchased a new stake in Geopark in the first quarter valued at approximately $220,000. Hedge funds and other institutional investors own 68.21% of the company’s stock.

Geopark Company Profile

GeoPark Limited is an independent Latin American oil and natural gas exploration and production company. Its activities include identifying prospective hydrocarbon resources, acquiring and developing oil and gas assets, drilling wells, and producing and selling crude oil and natural gas.

Founded in 2002, the company has built a portfolio of upstream assets in South America. Its operations have included the Llanos and Putumayo basins in Colombia, as well as assets in Brazil, Chile, Peru and Argentina at various points in its history.