Geopark (NYSE:GPRK) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Geopark (NYSE:GPRK) from a strong-buy rating to a buy rating in a report released on Saturday morning.

Separately, Weiss Ratings restated 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.50.

Geopark Price Performance

Shares of GPRK opened at $9.63 on Friday. The company’s 50-day moving average is $9.92 and its 200-day moving average is $9.35. 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 firm has a market capitalization of $497.97 million, a PE ratio of 6.55 and a beta of 0.39. Geopark has a fifty-two week low of $5.75 and a fifty-two week high of $11.87.

Geopark (NYSE:GPRK) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $0.22 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $185.50 million.

Geopark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.023 per share. 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 (DPR) is presently 6.12%.

Institutional Investors Weigh In On Geopark

Institutional investors have recently modified their holdings of the business. Sycale Advisors NY LLC acquired a new position in shares of Geopark during the 1st quarter worth approximately $3,222,000. Renaissance Technologies LLC raised its position in shares of Geopark by 21.2% in the first quarter. Renaissance Technologies LLC now owns 3,309,031 shares of the oil and gas company’s stock valued at $31,436,000 after buying an additional 578,178 shares in the last quarter. Flax Pond Capital LLC acquired a new stake in shares of Geopark in the first quarter valued at approximately $3,352,000. Aventail Capital Group LP bought a new stake in shares of Geopark in the fourth quarter valued at approximately $3,164,000. Finally, Banco BTG Pactual S.A. boosted its stake in shares of Geopark by 132.4% in the fourth quarter. Banco BTG Pactual S.A. now owns 185,884 shares of the oil and gas company’s stock valued at $1,377,000 after buying an additional 105,884 shares during the period. Institutional investors own 68.21% of the company’s stock.

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.