Geopark (NYSE:GPRK) Hits New 52-Week High – Time to Buy?

by · The Cerbat Gem

Geopark Ltd (NYSE:GPRK – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $10.40 and last traded at $10.3760, with a volume of 806841 shares changing hands. The stock had previously closed at $9.58.

Analysts Set New Price Targets

Several equities analysts have commented on GPRK shares. Weiss Ratings raised shares of Geopark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. Jefferies Financial Group reissued a “buy” rating and set a $11.50 target price on shares of Geopark in a research note on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Geopark currently has an average rating of “Moderate Buy” and an average target price of $11.50.

Check Out Our Latest Analysis on GPRK

Geopark Stock Performance

The company has a current ratio of 1.00, a quick ratio of 0.96 and a debt-to-equity ratio of 1.51. The company’s 50-day moving average price is $9.32 and its two-hundred day moving average price is $8.40. The company has a market cap of $507.04 million, a P/E ratio of 9.34 and a beta of 0.35.

Geopark (NYSE:GPRK – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13. Geopark had a net margin of 11.74% and a return on equity of 36.71%. The company had revenue of $128.40 million during the quarter, compared to analyst estimates of $140.00 million.

Geopark Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.023 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.09 annualized dividend and a dividend yield of 0.9%. Geopark’s dividend payout ratio (DPR) is 8.57%.

Insider Buying and Selling at Geopark

In other news, Director James Franklin Park sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $8.83, for a total transaction of $883,000.00. Following the completion of the transaction, the director owned 912,118 shares in the company, valued at approximately $8,054,001.94. This trade represents a 9.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Flax Pond Capital LLC purchased a new stake in shares of Geopark in the first quarter worth approximately $3,352,000. Bank of America Corp DE lifted its position in shares of Geopark by 13.8% in the first quarter. Bank of America Corp DE now owns 31,504 shares of the oil and gas company’s stock worth $299,000 after purchasing an additional 3,823 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Geopark by 4.6% in the first quarter. Lazard Asset Management LLC now owns 53,885 shares of the oil and gas company’s stock worth $512,000 after purchasing an additional 2,383 shares in the last quarter. Entropy Technologies LP lifted its position in shares of Geopark by 82.0% in the first quarter. Entropy Technologies LP now owns 23,342 shares of the oil and gas company’s stock worth $222,000 after purchasing an additional 10,517 shares in the last quarter. Finally, Renaissance Technologies LLC lifted 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 worth $31,436,000 after purchasing an additional 578,178 shares in the last quarter. 68.21% of the stock is currently owned by institutional investors and hedge funds.

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.

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