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

Geopark (NYSE:GPRK) posted its quarterly earnings results on Tuesday. 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 net margin of 11.74% and a return on equity of 36.71%. The business had revenue of $143.30 million during the quarter, compared to analyst estimates of $185.50 million.

Geopark Stock Performance

Shares of GPRK stock opened at $9.36 on Wednesday. Geopark has a 12-month low of $5.75 and a 12-month high of $11.87. The firm has a market capitalization of $484.03 million, a price-to-earnings ratio of 8.92 and a beta of 0.39. The business has a 50 day simple moving average of $9.99 and a 200 day simple moving average of $9.29. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 0.96.

Geopark Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GPRK. Dodge & Cox increased its holdings in shares of Geopark by 10.1% during the third quarter. Dodge & Cox now owns 93,045 shares of the oil and gas company’s stock valued at $593,000 after purchasing an additional 8,500 shares during the period. Aquatic Capital Management LLC lifted its holdings in Geopark by 16.2% in the third quarter. Aquatic Capital Management LLC now owns 89,682 shares of the oil and gas company’s stock worth $571,000 after purchasing an additional 12,504 shares during the period. WINTON GROUP Ltd bought a new position in Geopark in the 3rd quarter valued at about $426,000. Quantbot Technologies LP bought a new position in Geopark in the 2nd quarter valued at about $401,000. Finally, Verition Fund Management LLC increased its stake in Geopark by 26.3% during the 3rd quarter. Verition Fund Management LLC now owns 46,918 shares of the oil and gas company’s stock valued at $299,000 after buying an additional 9,782 shares during the period. Institutional investors and hedge funds own 68.21% of the company’s stock.

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.