Geopark (NYSE:GPRK) Shares Gap Up – Time to Buy?

Geopark Ltd (NYSE:GPRK) shares gapped up prior to trading on Monday . The stock had previously closed at $9.83, but opened at $10.26. Geopark shares last traded at $10.9490, with a volume of 426,812 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wall Street Zen lowered shares of Geopark from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Geopark in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.50.

Geopark Stock Performance

The stock has a market capitalization of $571.40 million, a PE ratio of 7.52 and a beta of 0.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.17 and a quick ratio of 1.15. The business’s fifty day moving average price is $9.60 and its 200-day moving average price is $9.49.

Geopark (NYSE:GPRK) last posted its earnings results on Monday, August 3rd. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.10. Geopark had a net margin of 16.00% and a return on equity of 31.33%. The business had revenue of $143.30 million for the quarter, compared to analyst estimates of $185.50 million.

Geopark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a $0.023 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Geopark’s dividend payout ratio (DPR) is 6.12%.

Insider Buying and Selling

In related news, Director James Franklin Park sold 120,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $9.65, for a total transaction of $1,158,000.00. Following the completion of the transaction, the director directly owned 792,118 shares in the company, valued at $7,643,938.70. The trade was a 13.16% 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

A number of large investors have recently modified their holdings of GPRK. Public Employees Retirement System of Ohio bought a new position in shares of Geopark in the second quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position in Geopark by 86.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,775 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 3,134 shares during the last quarter. StoneX Group Inc. bought a new stake in Geopark during the fourth quarter valued at approximately $101,000. PharVision Advisers LLC purchased a new position in Geopark in the 3rd quarter worth approximately $117,000. Finally, Graham Capital Management L.P. purchased a new position in Geopark in the 4th quarter worth approximately $139,000. Institutional investors 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.