Armstrong Fleming & Moore Inc Invests $1.35 Million in Geopark Ltd $GPRK

Key Points

• Armstrong Fleming & Moore Inc has invested approximately $1.35 million in Geopark Ltd by purchasing 207,224 shares, making it the firm's 24th largest holding.
• Geopark's recent quarterly earnings showed an EPS of $0.27, exceeding analysts' expectations of $0.15, with a revenue of $119.80 million for the quarter.
• The company declared a quarterly dividend of $0.147 per share, which translates to an annualized dividend yield of 9.1%.

Armstrong Fleming & Moore Inc purchased a new position in Geopark Ltd (NYSE:GPRK - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 207,224 shares of the oil and gas company's stock, valued at approximately $1,351,000. Geopark accounts for approximately 0.7% of Armstrong Fleming & Moore Inc's investment portfolio, making the stock its 24th largest holding. Armstrong Fleming & Moore Inc owned about 0.40% of Geopark at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GPRK. Millennium Management LLC raised its stake in shares of Geopark by 139.9% during the 1st quarter. Millennium Management LLC now owns 594,154 shares of the oil and gas company's stock worth $4,801,000 after acquiring an additional 346,521 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Geopark by 94.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 365,825 shares of the oil and gas company's stock worth $2,956,000 after acquiring an additional 177,496 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Geopark by 115.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,962 shares of the oil and gas company's stock worth $2,302,000 after acquiring an additional 152,520 shares in the last quarter. Empirical Finance LLC bought a new position in shares of Geopark during the 1st quarter worth approximately $977,000. Finally, Militia Capital Partners LP increased its stake in Geopark by 37.2% during the 1st quarter. Militia Capital Partners LP now owns 290,447 shares of the oil and gas company's stock valued at $2,347,000 after purchasing an additional 78,724 shares in the last quarter. Institutional investors own 68.21% of the company's stock.

Geopark Stock Performance

Shares of NYSE GPRK opened at $6.49 on Thursday. The company's fifty day moving average price is $6.45 and its 200 day moving average price is $6.75. Geopark Ltd has a 1 year low of $5.66 and a 1 year high of $11.72. The company has a market capitalization of $332.61 million, a PE ratio of 7.82 and a beta of 0.76. 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 (NYSE:GPRK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. The firm had revenue of $119.80 million for the quarter, compared to the consensus estimate of $123.00 million. Geopark had a net margin of 7.70% and a return on equity of 35.65%. On average, research analysts predict that Geopark Ltd will post 1.97 earnings per share for the current year.

Geopark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th were issued a dividend of $0.147 per share. This represents a $0.59 annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend was Tuesday, August 19th. Geopark's dividend payout ratio (DPR) is presently 71.08%.

Analyst Ratings Changes

A number of brokerages have issued reports on GPRK. Santander began coverage on shares of Geopark in a research note on Friday, August 29th. They set an "outperform" rating on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Geopark in a report on Wednesday. Finally, Wall Street Zen raised shares of Geopark from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.00.

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.

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