Geopark (NYSE:GPRK) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Key Points

• Geopark reported a quarterly earnings of $0.27 per share, exceeding the consensus estimate of $0.20 by $0.07.
• The company announced a quarterly dividend of $0.147 per share, which results in an annualized dividend of $0.59 and a yield of 8.9%.
• Wall Street analysts downgraded Geopark's rating from "buy" to "hold" on April 27th, potentially affecting investor sentiment.

Geopark (NYSE:GPRK - Get Free Report) released its earnings results on Tuesday. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.12, Zacks reports. Geopark had a return on equity of 35.65% and a net margin of 7.70%. The business had revenue of $119.80 million for the quarter, compared to analyst estimates of $123.00 million.

Geopark Stock Performance

NYSE GPRK traded down $0.11 on Friday, hitting $6.46. 318,251 shares of the company's stock were exchanged, compared to its average volume of 511,866. The firm has a market cap of $330.82 million, a price-to-earnings ratio of 7.78 and a beta of 0.77. The firm's 50-day moving average price is $6.93 and its two-hundred day moving average price is $7.40. Geopark has a fifty-two week low of $5.66 and a fifty-two week high of $11.72. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.47 and a quick ratio of 1.92.

Geopark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th will be issued a $0.147 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Tuesday, August 19th. Geopark's payout ratio is currently 71.08%.

Institutional Trading of Geopark

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Geopark by 115.2% during the first 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 during the period. Millennium Management LLC boosted its position 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 purchasing an additional 346,521 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew 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 purchasing an additional 177,496 shares during the period. 68.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Geopark from a "hold" rating to a "sell" rating in a research note 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.