Apis Capital Advisors LLC Buys Shares of 64,000 Geopark Ltd $GPRK

Key Points

• Apis Capital Advisors LLC has purchased 64,000 shares of Geopark Ltd, valued at approximately $517,000, marking a new position for the firm in the oil and gas company.
• Geopark's quarterly earnings exceeded analyst expectations, reporting $0.27 earnings per share against an estimate of $0.15, alongside a revenue of $119.80 million.
• The company announced a quarterly dividend of $0.147 per share, representing an annualized yield of 8.9%, to shareholders on record as of August 19th.

Apis Capital Advisors LLC purchased a new position in Geopark Ltd (NYSE:GPRK - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 64,000 shares of the oil and gas company's stock, valued at approximately $517,000. Apis Capital Advisors LLC owned about 0.12% of Geopark at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Geopark by 4.0% during the first quarter. Principal Financial Group Inc. now owns 359,919 shares of the oil and gas company's stock worth $2,908,000 after buying an additional 13,999 shares during the last quarter. Glenorchy Capital Ltd acquired a new position in Geopark during the fourth quarter worth $1,669,000. Annex Advisory Services LLC boosted its stake in Geopark by 7.9% during the first quarter. Annex Advisory Services LLC now owns 174,331 shares of the oil and gas company's stock worth $1,409,000 after buying an additional 12,711 shares during the last quarter. Empirical Finance LLC acquired a new position in Geopark during the first quarter worth $977,000. Finally, Jump Financial LLC boosted its stake in Geopark by 124.0% during the first quarter. Jump Financial LLC now owns 114,839 shares of the oil and gas company's stock worth $928,000 after buying an additional 63,567 shares during the last quarter. 68.21% of the stock is owned by institutional investors and hedge funds.

Geopark Stock Down 5.1%

Shares of NYSE:GPRK traded down $0.34 on Wednesday, hitting $6.24. 967,150 shares of the company's stock were exchanged, compared to its average volume of 670,201. The company has a market capitalization of $319.54 million, a PE ratio of 7.51 and a beta of 0.83. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.47. Geopark Ltd has a 1-year low of $5.66 and a 1-year high of $11.72. The firm's 50-day moving average is $6.69 and its 200 day moving average is $7.07.

Geopark (NYSE:GPRK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. Geopark had a return on equity of 35.65% and a net margin of 7.70%.The company had revenue of $119.80 million during the quarter, compared to analysts' expectations of $123.00 million. Sell-side analysts predict that Geopark Ltd will post 1.97 EPS for the current year.

Geopark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Tuesday, August 19th will be issued a $0.147 dividend. This represents a $0.59 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Tuesday, August 19th. Geopark's payout ratio is currently 71.08%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen lowered Geopark from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Santander assumed coverage on Geopark in a research note on Friday, August 29th. They issued an "outperform" rating on the stock. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Geopark currently has an average rating of "Buy" and a consensus price target of $11.00.

About Geopark

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.