Geopark (NYSE:GPRK) Releases Quarterly Earnings Results

Geopark (NYSE:GPRK) announced its earnings results on Tuesday. The oil and gas company reported $0.10 earnings per share for the quarter, FiscalAI reports. The company had revenue of $116.20 million during the quarter. Geopark had a net margin of 16.00% and a return on equity of 31.33%.

Geopark Stock Down 0.4%

Shares of Geopark stock opened at $10.34 on Wednesday. Geopark has a one year low of $6.84 and a one year high of $13.13. The company has a market cap of $534.73 million, a P/E ratio of 6.53 and a beta of 0.37. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a fifty day moving average of $11.16 and a two-hundred day moving average of $9.79.

Insider Buying and Selling at Geopark

In other news, Director James Park sold 120,000 shares of Geopark stock in a transaction on Monday, August 10th. The stock was sold at an average price of $9.65, for a total transaction of $1,158,000.00. Following the completion of the transaction, the director owned 792,118 shares of the company’s stock, valued at $7,643,938.70. The trade was a 13.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Geopark

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wyoming boosted its stake in Geopark by 3.4% during the 3rd quarter. State of Wyoming now owns 28,917 shares of the oil and gas company’s stock valued at $302,000 after purchasing an additional 939 shares during the period. Armstrong Fleming & Moore Inc raised its holdings in Geopark by 1.8% during the third quarter. Armstrong Fleming & Moore Inc now owns 241,517 shares of the oil and gas company’s stock worth $2,524,000 after purchasing an additional 4,357 shares in the last quarter. Apollon Wealth Management LLC raised its position in Geopark by 4.5% in the third quarter. Apollon Wealth Management LLC now owns 232,808 shares of the oil and gas company’s stock worth $2,433,000 after acquiring an additional 10,008 shares in the last quarter. Pale Fire Capital SE grew its stake in shares of Geopark by 194.4% in the 2nd quarter. Pale Fire Capital SE now owns 63,300 shares of the oil and gas company’s stock worth $576,000 after purchasing an additional 41,800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Geopark during the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 68.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Jefferies Financial Group raised their target price on Geopark from $12.00 to $13.50 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Geopark in a research note on Thursday, October 15th. Finally, Wall Street Zen cut Geopark from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.50.

About Geopark

GeoPark Limited is an independent Latin American oil and natural gas exploration and production company. Its activities include identifying prospective hydrocarbon resources, acquiring and developing oil and gas assets, drilling wells, and producing and selling crude oil and natural gas.

Founded in 2002, the company has built a portfolio of upstream assets in South America. Its operations have included the Llanos and Putumayo basins in Colombia, as well as assets in Brazil, Chile, Peru and Argentina at various points in its history.