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

Geopark Ltd (NYSE:GPRK) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.34 and traded as high as $8.32. Geopark shares last traded at $8.1550, with a volume of 264,545 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GPRK shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Geopark in a research note on Monday, December 1st. Wall Street Zen raised Geopark from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Santander initiated coverage on Geopark in a report on Friday, August 29th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Geopark Trading Down 1.2%

The company has a quick ratio of 2.57, a current ratio of 2.63 and a debt-to-equity ratio of 2.70. The stock has a market capitalization of $417.94 million, a PE ratio of 12.55 and a beta of 0.56. The business’s 50-day moving average is $7.34 and its two-hundred day moving average is $6.94.

Geopark (NYSE:GPRK) last issued its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.11. Geopark had a return on equity of 33.42% and a net margin of 6.45%.The company had revenue of $125.10 million for the quarter, compared to analyst estimates of $114.00 million. On average, analysts anticipate that Geopark Ltd will post 1.97 earnings per share for the current fiscal year.

Geopark Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Wednesday, November 19th were paid a $0.03 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $0.12 dividend on an annualized basis and a yield of 1.5%. Geopark’s payout ratio is currently 18.46%.

Hedge Funds Weigh In On Geopark

Hedge funds have recently modified their holdings of the business. Glenorchy Capital Ltd raised its position in Geopark by 1.4% in the 2nd quarter. Glenorchy Capital Ltd now owns 181,274 shares of the oil and gas company’s stock valued at $1,182,000 after purchasing an additional 2,562 shares during the last quarter. State of Wyoming increased its stake in Geopark by 39.2% in the third quarter. State of Wyoming now owns 9,727 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,740 shares during the period. Nebula Research & Development LLC raised its holdings in shares of Geopark by 11.5% in 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 buying an additional 2,793 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Geopark in the first quarter valued at about $27,000. Finally, Lazard Asset Management LLC boosted its stake in shares of Geopark by 6.0% during the second quarter. Lazard Asset Management LLC now owns 66,288 shares of the oil and gas company’s stock worth $432,000 after buying an additional 3,742 shares during the period. 68.21% of the stock is currently owned by hedge funds and other institutional investors.

Geopark Company Profile

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.