Cubist Systematic Strategies LLC Purchases 78,566 Shares of Geopark Ltd $GPRK

Key Points

• Cubist Systematic Strategies LLC increased their stake in Geopark Ltd by 153.4%, acquiring an additional 78,566 shares and owning a total of 129,771 shares valued at approximately $1,049,000.
• Geopark reported an earnings per share (EPS) of $0.27 for the quarter, exceeding the consensus estimate of $0.15, with revenues of $119.80 million.
• The company recently declared a quarterly dividend of $0.147, translating to a 9.6% yield and a payout ratio of 71.08%.

Cubist Systematic Strategies LLC boosted its holdings in Geopark Ltd (NYSE:GPRK - Free Report) by 153.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,771 shares of the oil and gas company's stock after purchasing an additional 78,566 shares during the quarter. Cubist Systematic Strategies LLC owned 0.25% of Geopark worth $1,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of GPRK. Jump Financial LLC raised its position in shares of Geopark by 124.0% in the 1st quarter. Jump Financial LLC now owns 114,839 shares of the oil and gas company's stock valued at $928,000 after buying an additional 63,567 shares in the last quarter. Banco BTG Pactual S.A. raised its position in shares of Geopark by 326.7% in the 1st quarter. Banco BTG Pactual S.A. now owns 64,000 shares of the oil and gas company's stock valued at $517,000 after buying an additional 49,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Geopark in the 1st quarter valued at approximately $99,000. Graham Capital Management L.P. raised its position in shares of Geopark by 143.4% in the 1st quarter. Graham Capital Management L.P. now owns 109,830 shares of the oil and gas company's stock valued at $887,000 after buying an additional 64,710 shares in the last quarter. Finally, Empirical Finance LLC acquired a new position in shares of Geopark in the 1st quarter valued at approximately $977,000. Institutional investors and hedge funds own 68.21% of the company's stock.

Geopark Trading Down 1.9%

GPRK traded down $0.12 during trading on Friday, reaching $6.29. 357,514 shares of the company's stock were exchanged, compared to its average volume of 699,554. Geopark Ltd has a one year low of $5.66 and a one year high of $11.72. The company has a current ratio of 2.47, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The stock has a market capitalization of $322.36 million, a PE ratio of 7.58 and a beta of 0.83. The firm has a fifty day moving average price of $6.61 and a two-hundred day moving average price of $6.93.

Geopark (NYSE:GPRK - Get Free Report) last posted its earnings results 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 net margin of 7.70% and a return on equity of 35.65%. The firm had revenue of $119.80 million for the quarter, compared to analyst estimates of $123.00 million. As a group, equities research analysts forecast that Geopark Ltd will post 1.97 earnings per share for the current fiscal year.

Geopark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were paid a $0.147 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Tuesday, August 19th. Geopark's dividend payout ratio is currently 71.08%.

Analysts Set New Price Targets

GPRK has been the subject of several analyst reports. Santander initiated coverage on shares of Geopark in a research report on Friday, August 29th. They issued an "outperform" rating for the company. Wall Street Zen upgraded shares of Geopark from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price 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.