Geopark Ltd (NYSE:GPRK) Plans 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) announced a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Shareholders 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 9.1%. The ex-dividend date of this dividend is Tuesday, August 19th.

Geopark has a payout ratio of 67.8% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 1.6%

NYSE:GPRK traded down $0.11 on Friday, hitting $6.46. 318,251 shares of the stock were exchanged, compared to its average volume of 505,675. The stock has a market capitalization of $330.82 million, a price-to-earnings ratio of 7.78 and a beta of 0.77. Geopark has a 52 week low of $5.66 and a 52 week high of $11.72. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.47. The company's 50-day moving average price is $6.93 and its 200 day moving average price is $7.37.

Geopark (NYSE:GPRK - Get Free Report) last announced 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. The firm had revenue of $119.80 million during the quarter, compared to analysts' expectations of $123.00 million. Geopark had a return on equity of 35.65% and a net margin of 7.70%. On average, equities research analysts forecast that Geopark will post 1.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Geopark from a "hold" rating to a "sell" rating in a research report on Saturday.

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.