Geopark Ltd (NYSE:GPRK) Announces Quarterly Dividend of $0.15

Key Points

• Geopark Ltd has declared a quarterly dividend of $0.15 per share, scheduled for payment on September 4th to investors of record on August 19th, representing a 9.0% yield.
• The company's latest earnings report shows an earnings per share of $0.27, exceeding expectations, with a return on equity of 42.96%.
• Geopark's stock has recently declined by 2.1%, trading at $6.50, with a market capitalization of $333.13 million.

Geopark Ltd (NYSE:GPRK - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Investors of record on Tuesday, August 19th will be paid a dividend of 0.147 per share by the oil and gas company on Thursday, September 4th. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Tuesday, August 19th.

Geopark has a payout ratio of 67.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Geopark to earn $2.85 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 20.7%.

Geopark Stock Down 2.1%

NYSE GPRK traded down $0.14 during trading on Wednesday, hitting $6.50. 745,815 shares of the company traded hands, compared to its average volume of 850,512. Geopark has a 12 month low of $5.66 and a 12 month high of $11.72. The company has a market capitalization of $333.13 million, a P/E ratio of 4.30 and a beta of 0.77. The company has a current ratio of 1.96, a quick ratio of 1.92 and a debt-to-equity ratio of 3.03. The business has a fifty day simple moving average of $6.92 and a 200 day simple moving average of $7.45.

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 the consensus estimate of $0.15 by $0.12. Geopark had a return on equity of 42.96% and a net margin of 12.56%. The business had revenue of $119.80 million during the quarter, compared to analysts' expectations of $123.00 million. As a group, sell-side analysts predict that Geopark will post 1.97 EPS for the current year.

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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