Geopark (NYSE:GPRK) Trading Down 5.6% – What’s Next?

Geopark Ltd (NYSE:GPRK) shares dropped 5.6% on Monday . The stock traded as low as $10.43 and last traded at $10.5740. Approximately 94,016 shares traded hands during trading, a decline of 89% from the average daily volume of 874,980 shares. The stock had previously closed at $11.20.

Wall Street Analyst Weigh In

GPRK has been the subject of several research analyst reports. Weiss Ratings upgraded shares of 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 issued a $11.50 target price on shares of Geopark in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Geopark has an average rating of “Moderate Buy” and an average target price of $11.50.

Geopark Stock Down 0.6%

The company has a quick ratio of 0.96, a current ratio of 1.00 and a debt-to-equity ratio of 1.51. The business has a 50-day moving average price of $9.82 and a 200-day moving average price of $8.76. The firm has a market capitalization of $533.87 million, a PE ratio of 9.83 and a beta of 0.36.

Geopark (NYSE:GPRK) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. The firm had revenue of $128.40 million for the quarter, compared to the consensus estimate of $140.00 million. Geopark had a return on equity of 36.71% and a net margin of 11.74%.

Geopark Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were issued a $0.023 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.09 dividend on an annualized basis and a yield of 0.9%. Geopark’s dividend payout ratio is currently 8.57%.

Insider Transactions at Geopark

In other Geopark news, Director James Franklin Park sold 100,000 shares of Geopark stock in a transaction 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 sale, the director owned 912,118 shares in the company, valued at $8,054,001.94. The trade was a 9.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of Geopark

A number of hedge funds and other institutional investors have recently modified their holdings of GPRK. Flax Pond Capital LLC acquired a new stake in shares of Geopark during the first quarter valued at about $3,352,000. Bank of America Corp DE lifted its holdings in shares of Geopark by 13.8% in the 1st quarter. Bank of America Corp DE now owns 31,504 shares of the oil and gas company’s stock worth $299,000 after acquiring an additional 3,823 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Geopark by 4.6% during the 1st quarter. Lazard Asset Management LLC now owns 53,885 shares of the oil and gas company’s stock worth $512,000 after purchasing an additional 2,383 shares during the period. Entropy Technologies LP boosted its position in shares of Geopark by 82.0% during the 1st quarter. Entropy Technologies LP now owns 23,342 shares of the oil and gas company’s stock worth $222,000 after purchasing an additional 10,517 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Geopark by 21.2% in the 1st quarter. Renaissance Technologies LLC now owns 3,309,031 shares of the oil and gas company’s stock valued at $31,436,000 after purchasing an additional 578,178 shares during the last quarter. 68.21% of the stock is owned by institutional investors and hedge funds.

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.