Geopark (NYSE:GPRK) Share Price Crosses Above 50 Day Moving Average – Here’s Why

by · The Cerbat Gem

Geopark Ltd (NYSE:GPRKGet Free Report)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.80 and traded as high as $10.07. Geopark shares last traded at $9.9720, with a volume of 1,829,940 shares traded.

Analyst Ratings Changes

GPRK has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $11.50 price target on shares of Geopark in a research note on Thursday, March 5th. Zacks Research upgraded shares of Geopark to a “hold” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings upgraded shares of Geopark from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.50.

Check Out Our Latest Stock Analysis on Geopark

Geopark Trading Down 7.7%

The stock has a market cap of $472.89 million, a price-to-earnings ratio of 9.73 and a beta of 0.35. The business’s fifty day simple moving average is $8.84 and its 200 day simple moving average is $7.91. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.60 and a quick ratio of 1.51.

Geopark (NYSE:GPRKGet Free Report) last released its quarterly earnings data on Tuesday, March 31st. The oil and gas company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.60. The firm had revenue of $110.29 million during the quarter, compared to the consensus estimate of $103.92 million. Geopark had a net margin of 10.09% and a return on equity of 39.05%. On average, research analysts predict that Geopark Ltd will post 1.97 EPS for the current year.

Geopark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 11th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, March 11th. Geopark’s payout ratio is currently 12.77%.

Hedge Funds Weigh In On Geopark

Several hedge funds and other institutional investors have recently modified their holdings of GPRK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Geopark by 115.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,962 shares of the oil and gas company’s stock valued at $2,302,000 after acquiring an additional 152,520 shares during the period. Millennium Management LLC boosted its holdings in shares of Geopark by 139.9% during the first quarter. Millennium Management LLC now owns 594,154 shares of the oil and gas company’s stock valued at $4,801,000 after acquiring an additional 346,521 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Geopark by 94.2% during the first quarter. Goldman Sachs Group Inc. now owns 365,825 shares of the oil and gas company’s stock valued at $2,956,000 after acquiring an additional 177,496 shares during the period. Quantbot Technologies LP acquired a new position in shares of Geopark during the second quarter valued at $401,000. Finally, Nebula Research & Development LLC boosted its holdings in shares of Geopark by 11.5% during the second quarter. Nebula Research & Development LLC now owns 27,028 shares of the oil and gas company’s stock valued at $176,000 after acquiring an additional 2,793 shares during the period. Institutional investors and hedge funds own 68.21% of the company’s stock.

About Geopark

(Get Free Report)

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.

Featured Articles