Geopark (NYSE:GPRK) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why
by Kim Johansen · The Markets DailyGeopark Ltd (NYSE:GPRK – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.77 and traded as high as $9.35. Geopark shares last traded at $8.8450, with a volume of 813,390 shares trading hands.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Zacks Research raised shares of Geopark to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings raised Geopark from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $11.50 price objective on shares of Geopark in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.50.
Read Our Latest Report on Geopark
Geopark Stock Performance
The stock has a market capitalization of $457.37 million, a PE ratio of 9.41 and a beta of 0.35. The firm’s fifty day moving average is $8.74 and its 200-day moving average is $7.77. The company has a current ratio of 2.63, a quick ratio of 2.57 and a debt-to-equity ratio of 2.70.
Geopark (NYSE:GPRK – Get Free Report) last announced its earnings results on Tuesday, March 31st. The oil and gas company reported $0.59 earnings per share for the quarter. Geopark had a net margin of 6.45% and a return on equity of 33.42%. The company had revenue of $110.29 million during the quarter. As a group, research analysts anticipate that Geopark Ltd will post 1.97 earnings per share for the current year.
Geopark Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 11th were issued a $0.03 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.4%. Geopark’s payout ratio is 18.46%.
Institutional Trading of Geopark
Several hedge funds have recently modified their holdings of GPRK. Caitong International Asset Management Co. Ltd grew its position in shares of 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 worth $50,000 after buying an additional 3,134 shares in the last quarter. State of Wyoming raised its holdings in Geopark by 39.2% in the third quarter. State of Wyoming now owns 9,727 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 2,740 shares in the last quarter. StoneX Group Inc. purchased a new position in Geopark in the fourth quarter worth approximately $101,000. PharVision Advisers LLC acquired a new position in Geopark during the 3rd quarter worth approximately $117,000. Finally, Graham Capital Management L.P. acquired a new position in Geopark during the 4th quarter worth approximately $139,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.
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.