Geopark (NYSE:GPRK) Posts Earnings Results, Beats Expectations By $0.10 EPS

Geopark (NYSE:GPRK) issued its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.10, Zacks reports. Geopark had a return on equity of 31.33% and a net margin of 16.00%.The business had revenue of $143.30 million during the quarter, compared to the consensus estimate of $185.50 million.

Geopark Price Performance

GPRK stock traded down $0.37 on Friday, hitting $11.53. 1,309,936 shares of the company’s stock traded hands, compared to its average volume of 670,891. Geopark has a 1-year low of $5.75 and a 1-year high of $13.13. The stock has a market cap of $596.22 million, a price-to-earnings ratio of 7.84 and a beta of 0.41. The stock has a fifty day moving average of $9.81 and a 200-day moving average of $9.59. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.21.

Geopark Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on GPRK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Geopark in a research note on Friday, July 17th. Wall Street Zen lowered shares of Geopark from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.50.

Insider Transactions at Geopark

In other Geopark news, Director James Park sold 120,000 shares of Geopark stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $9.65, for a total value of $1,158,000.00. Following the transaction, the director owned 792,118 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Geopark

A number of hedge funds have recently modified their holdings of the stock. Quinn Opportunity Partners LLC purchased a new position in Geopark in the 4th quarter worth about $173,000. State Street Corp lifted its stake in Geopark by 4.7% during the fourth quarter. State Street Corp now owns 26,987 shares of the oil and gas company’s stock valued at $200,000 after buying an additional 1,216 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of Geopark by 26.3% in the third quarter. Verition Fund Management LLC now owns 46,918 shares of the oil and gas company’s stock worth $299,000 after buying an additional 9,782 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Geopark by 111.9% in the third quarter. Squarepoint Ops LLC now owns 55,574 shares of the oil and gas company’s stock worth $354,000 after buying an additional 29,345 shares during the period. Finally, Entropy Technologies LP increased its position in shares of Geopark by 171.8% in the third quarter. Entropy Technologies LP now owns 41,290 shares of the oil and gas company’s stock worth $263,000 after acquiring an additional 26,100 shares in the last quarter. 68.21% of the stock is currently 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.