Geopark (NYSE:GPRK) Issues Quarterly Earnings Results

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

Geopark Trading Down 1.1%

Geopark stock traded down $0.13 during trading on Friday, reaching $11.02. 562,228 shares of the company were exchanged, compared to its average volume of 1,133,018. Geopark has a 52-week low of $5.75 and a 52-week high of $13.13. The company has a market capitalization of $570.00 million, a P/E ratio of 7.50 and a beta of 0.41. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.17 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $10.23 and its two-hundred day simple moving average is $9.81.

Geopark Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Geopark in a research note on Friday, July 17th. Wall Street Zen cut shares of Geopark from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $12.00 price objective on shares of Geopark in a report on Wednesday, September 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.00.

Insider Transactions at Geopark

In other Geopark news, Director James Park sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $11.92, for a total value of $1,192,000.00. Following the completion of the sale, the director directly owned 692,118 shares in the company, valued at $8,250,046.56. This represents a 12.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.

About Geopark

GeoPark Limited (NYSE: GPRK) is an independent Latin American oil and gas exploration, development and production company. The company explores for and produces crude oil and natural gas, with activities focused primarily on onshore assets and mature hydrocarbon basins.

Founded in 2002, GeoPark has built a portfolio through exploration, acquisitions and partnerships across South America. Its operations have included Colombia, Brazil, Chile, Peru, Ecuador and Argentina, although its asset base and operating footprint may change as the company develops, acquires or divests properties.

GeoPark’s business is centered on identifying hydrocarbon reserves, developing producing fields and applying operational and technical expertise to improve recovery from existing assets.