GeoPark (NYSE:GPRK) Trading 4.4% Higher

GeoPark Limited (NYSE:GPRK)’s share price traded up 4.4% on Friday . The company traded as high as $10.33 and last traded at $10.27. 110,818 shares were traded during mid-day trading, a decline of 74% from the average session volume of 422,606 shares. The stock had previously closed at $9.84.

Analysts Set New Price Targets

GPRK has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Tuesday, February 20th. StockNews.com raised shares of GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $14.00 price target on shares of GeoPark in a research report on Friday. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $13.17.

GeoPark Stock Down 0.2 %

The firm has a 50 day moving average price of $9.07 and a 200-day moving average price of $9.24. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.17 and a quick ratio of 1.11. The firm has a market cap of $543.34 million, a price-to-earnings ratio of 5.04 and a beta of 1.30.

GeoPark (NYSE:GPRK) last announced its quarterly earnings data on Wednesday, March 6th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.17). GeoPark had a net margin of 14.69% and a return on equity of 79.78%. The business had revenue of $199.70 million during the quarter, compared to the consensus estimate of $212.54 million. As a group, equities analysts predict that GeoPark Limited will post 3.14 EPS for the current fiscal year.

GeoPark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th were paid a $0.136 dividend. This represents a $0.54 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend was Tuesday, March 19th. This is an increase from GeoPark’s previous quarterly dividend of $0.13. GeoPark’s dividend payout ratio is presently 27.69%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in shares of GeoPark by 58,291.9% in the third quarter. JPMorgan Chase & Co. now owns 2,475,232 shares of the oil and gas company’s stock valued at $25,445,000 after buying an additional 2,470,993 shares during the period. Sagil Capital LLP lifted its position in GeoPark by 344.7% in the 3rd quarter. Sagil Capital LLP now owns 1,791,222 shares of the oil and gas company’s stock valued at $18,414,000 after acquiring an additional 1,388,418 shares in the last quarter. Millennium Management LLC boosted its stake in GeoPark by 60.0% in the 4th quarter. Millennium Management LLC now owns 581,105 shares of the oil and gas company’s stock worth $8,978,000 after purchasing an additional 217,993 shares during the period. INCA Investments LLC increased its holdings in GeoPark by 15.0% during the 1st quarter. INCA Investments LLC now owns 1,211,586 shares of the oil and gas company’s stock worth $18,101,000 after purchasing an additional 157,586 shares in the last quarter. Finally, Carmignac Gestion raised its stake in shares of GeoPark by 17.0% in the 3rd quarter. Carmignac Gestion now owns 998,884 shares of the oil and gas company’s stock valued at $10,269,000 after purchasing an additional 145,305 shares during the period. 68.21% of the stock is currently owned by institutional investors.

GeoPark Company Profile

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.