Geopark Ltd (NYSE:GPRK) Declares Quarterly Dividend of $0.03

Geopark Ltd (NYSE:GPRK) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Wednesday, March 11th will be given a dividend of 0.03 per share by the oil and gas company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, March 11th.

Geopark has raised its dividend payment by an average of 0.7%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Geopark has a payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Geopark to earn $2.85 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 4.2%.

Geopark Trading Up 2.5%

Shares of NYSE:GPRK traded up $0.21 during mid-day trading on Thursday, reaching $8.59. 42,768 shares of the company were exchanged, compared to its average volume of 682,928. Geopark has a 1 year low of $5.66 and a 1 year high of $9.09. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.63 and a quick ratio of 2.57. The firm’s 50-day simple moving average is $7.83 and its 200 day simple moving average is $7.28. The firm has a market cap of $440.24 million, a price-to-earnings ratio of 13.22 and a beta of 0.47.

Geopark (NYSE:GPRK) last announced its earnings results on Wednesday, February 25th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.61. Geopark had a return on equity of 33.42% and a net margin of 6.45%.The company had revenue of $110.30 million for the quarter, compared to analyst estimates of $120.00 million. Equities research analysts forecast that Geopark will post 1.97 EPS for the current year.

About Geopark

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.