GeoPark (NYSE:GPRK) Stock Price Crosses Above Fifty Day Moving Average of $12.48

GeoPark Limited (NYSE:GPRKGet Rating) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.48 and traded as high as $12.90. GeoPark shares last traded at $12.78, with a volume of 133,341 shares trading hands.

Analyst Upgrades and Downgrades

GPRK has been the subject of a number of recent research reports. StockNews.com raised GeoPark from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 15th. TheStreet raised GeoPark from a “d” rating to a “c+” rating in a research note on Friday, August 26th. Finally, Canaccord Genuity Group lowered their target price on GeoPark from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 12th.

GeoPark Price Performance

The business’s 50-day simple moving average is $12.48 and its 200-day simple moving average is $14.11. The stock has a market cap of $769.84 million, a PE ratio of 4.52 and a beta of 1.52. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 29.06.

GeoPark (NYSE:GPRKGet Rating) last announced its earnings results on Wednesday, August 10th. The oil and gas company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.25). The business had revenue of $311.23 million for the quarter, compared to analysts’ expectations of $280.36 million. GeoPark had a net margin of 18.44% and a negative return on equity of 398.58%. On average, research analysts expect that GeoPark Limited will post 4.2 EPS for the current fiscal year.

GeoPark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Thursday, August 25th were issued a $0.127 dividend. This is a boost from GeoPark’s previous quarterly dividend of $0.08. This represents a $0.51 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Wednesday, August 24th. GeoPark’s dividend payout ratio (DPR) is currently 18.02%.

Hedge Funds Weigh In On GeoPark

Institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in GeoPark in the fourth quarter valued at approximately $3,840,000. Lazard Asset Management LLC raised its holdings in shares of GeoPark by 58,418.8% during the 2nd quarter. Lazard Asset Management LLC now owns 292,594 shares of the oil and gas company’s stock valued at $3,780,000 after buying an additional 292,094 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of GeoPark during the 1st quarter valued at approximately $2,810,000. INCA Investments LLC grew its stake in shares of GeoPark by 15.0% in the first quarter. INCA Investments LLC now owns 1,211,586 shares of the oil and gas company’s stock worth $18,101,000 after purchasing an additional 157,586 shares in the last quarter. Finally, Newfoundland Capital Management boosted its stake in GeoPark by 46.0% during the fourth quarter. Newfoundland Capital Management now owns 457,598 shares of the oil and gas company’s stock valued at $5,239,000 after buying an additional 144,121 shares in the last quarter. 35.36% of the stock is owned by hedge funds and other institutional investors.

GeoPark Company Profile

(Get Rating)

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. As of December 31, 2021, the company had working and/or economic interests in 42 hydrocarbons blocks. It had net proved reserves of 87.8 million barrels of oil equivalent.

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