Key Points
- Director James Franklin Park sold 120,000 Geopark shares at an average price of $9.65, generating $1.158 million. His remaining direct stake is 792,118 shares, a 13.16% reduction.
- Geopark reported quarterly EPS of $0.22, exceeding the $0.12 consensus estimate, while revenue of $143.3 million fell short of the $185.5 million estimate.
- The company declared a quarterly dividend of $0.023 per share, equivalent to a 1.0% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $11.50.
Geopark Ltd (NYSE:GPRK - Get Free Report) Director James Franklin Park sold 120,000 shares of the business's 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 sale, the director directly owned 792,118 shares of the company's stock, valued at approximately $7,643,938.70. The trade was a 13.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Geopark Stock Performance
NYSE:GPRK opened at $9.27 on Thursday. 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 stock has a market capitalization of $479.35 million, a PE ratio of 6.31 and a beta of 0.39. Geopark Ltd has a fifty-two week low of $5.75 and a fifty-two week high of $11.87. The company has a fifty day moving average of $9.83 and a two-hundred day moving average of $9.37.
Geopark (NYSE:GPRK - Get Free Report) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.10. The business had revenue of $143.30 million for the quarter, compared to analyst estimates of $185.50 million. Geopark had a net margin of 16.00% and a return on equity of 31.33%.
Geopark Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.023 dividend. This represents a $0.09 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, August 19th. Geopark's payout ratio is presently 6.12%.
Hedge Funds Weigh In On Geopark
A number of institutional investors and hedge funds have recently bought and sold shares of GPRK. Renaissance Technologies LLC raised its holdings in Geopark by 21.2% in the 1st quarter. Renaissance Technologies LLC now owns 3,309,031 shares of the oil and gas company's stock valued at $31,436,000 after acquiring an additional 578,178 shares during the last quarter. VR Advisory Services Ltd boosted its holdings in shares of Geopark by 370.9% during the 4th quarter. VR Advisory Services Ltd now owns 1,105,201 shares of the oil and gas company's stock worth $8,190,000 after purchasing an additional 870,516 shares during the last quarter. UBS Group AG boosted its holdings in shares of Geopark by 0.8% during the 4th quarter. UBS Group AG now owns 988,754 shares of the oil and gas company's stock worth $7,327,000 after purchasing an additional 7,623 shares during the last quarter. Vennlight Capital Management LP purchased a new stake in shares of Geopark in the fourth quarter valued at approximately $5,854,000. Finally, Millennium Management LLC grew its position in shares of Geopark by 41.6% in the third quarter. Millennium Management LLC now owns 619,822 shares of the oil and gas company's stock valued at $3,948,000 after purchasing an additional 182,039 shares in the last quarter. 68.21% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have commented on GPRK shares. Weiss Ratings reissued a "hold (c)" rating on shares of Geopark in a report on Friday, July 17th. Wall Street Zen cut Geopark from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $11.50.
Check Out Our Latest Research Report on GPRK
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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