Geopark (NYSE:GPRK) Sets New 1-Year High – Here’s Why

Geopark Ltd (NYSE:GPRK)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.40 and last traded at $10.3760, with a volume of 806841 shares traded. The stock had previously closed at $9.58.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings upgraded Geopark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. Jefferies Financial Group restated a “buy” rating and set a $11.50 price target on shares of Geopark in a report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Geopark currently has a consensus rating of “Moderate Buy” and an average target price of $11.50.

Geopark Price Performance

The firm has a market cap of $536.54 million, a PE ratio of 9.88 and a beta of 0.35. The firm has a fifty day simple moving average of $9.26 and a two-hundred day simple moving average of $8.35. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.96 and a current ratio of 1.00.

Geopark (NYSE:GPRK) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13. The business had revenue of $128.40 million during the quarter, compared to analysts’ expectations of $140.00 million. Geopark had a return on equity of 36.71% and a net margin of 11.74%.

Geopark Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th will be issued a $0.023 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.9%. Geopark’s payout ratio is 11.43%.

Insider Activity at Geopark

In other news, Director James Franklin Park sold 100,000 shares of Geopark stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $8.83, for a total value of $883,000.00. Following the completion of the transaction, the director owned 912,118 shares in the company, valued at approximately $8,054,001.94. The trade was a 9.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Geopark

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its stake 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 worth $50,000 after acquiring an additional 3,134 shares during the last quarter. State of Wyoming raised its position in Geopark by 39.2% during the 3rd quarter. State of Wyoming now owns 9,727 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,740 shares in the last quarter. StoneX Group Inc. bought a new stake in Geopark during the 4th quarter valued at $101,000. Walleye Capital LLC bought a new stake in Geopark during the 1st quarter valued at $159,000. Finally, PharVision Advisers LLC bought a new stake in Geopark during the 3rd quarter valued at $117,000. 68.21% of the stock is owned by institutional investors.

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.