Geopark Ltd (NYSE:GPRK - Get Free Report) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,183,317 shares, an increase of 47.3% from the March 31st total of 803,366 shares. Based on an average trading volume of 1,422,978 shares, the short-interest ratio is currently 0.8 days. Currently, 2.3% of the shares of the stock are sold short.
Insider Buying and Selling at Geopark
In other Geopark news, Director James Franklin Park sold 100,000 shares of the business's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $8.83, for a total value of $883,000.00. Following the completion of the transaction, the director directly owned 912,118 shares of the company's stock, valued at approximately $8,054,001.94. The trade was a 9.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Institutional Investors Weigh In On Geopark
Several large investors have recently bought and sold shares of GPRK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Geopark by 115.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,962 shares of the oil and gas company's stock valued at $2,302,000 after purchasing an additional 152,520 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Geopark by 139.9% in the first quarter. Millennium Management LLC now owns 594,154 shares of the oil and gas company's stock valued at $4,801,000 after buying an additional 346,521 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Geopark by 94.2% in the first quarter. Goldman Sachs Group Inc. now owns 365,825 shares of the oil and gas company's stock valued at $2,956,000 after buying an additional 177,496 shares during the period. Quantbot Technologies LP acquired a new position in shares of Geopark in the second quarter valued at approximately $401,000. Finally, Nebula Research & Development LLC boosted its holdings in shares of Geopark by 11.5% in the second quarter. Nebula Research & Development LLC now owns 27,028 shares of the oil and gas company's stock valued at $176,000 after buying an additional 2,793 shares during the period. Institutional investors own 68.21% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Geopark to a "hold" rating in a research note on Thursday, January 1st. Weiss Ratings raised shares of Geopark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group reissued a "buy" rating and set a $11.50 price target on shares of Geopark in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $11.50.
View Our Latest Report on Geopark
Geopark Trading Up 2.5%
NYSE GPRK opened at $9.28 on Tuesday. Geopark has a 12 month low of $5.75 and a 12 month high of $10.34. The company has a current ratio of 1.60, a quick ratio of 1.51 and a debt-to-equity ratio of 2.18. The company has a market capitalization of $479.61 million, a PE ratio of 9.87 and a beta of 0.35. The stock has a 50-day simple moving average of $8.98 and a 200 day simple moving average of $8.08.
Geopark (NYSE:GPRK - Get Free Report) last issued its earnings results on Thursday, April 23rd. The oil and gas company reported $999.00 EPS for the quarter. Geopark had a net margin of 10.09% and a return on equity of 39.05%.
Geopark Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 11th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, March 11th. Geopark's dividend payout ratio is presently 12.77%.
About Geopark
(
Get Free Report)
Geopark Ltd. NYSE: GPRK is an independent oil and gas exploration and production company focused on Latin America. Founded in 2002 and with corporate offices in Canada and regional headquarters in Bogotá, Colombia, Geopark pursues the discovery and development of unconventional and conventional hydrocarbon resources. The company's strategy emphasizes asset consolidation in established basins alongside disciplined capital allocation to maximize production efficiency.
The company's core operations are centered in Colombia's Llanos Basin, where it holds interests in several producing blocks that deliver light crude oil to local and export markets.
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