Geopark (NYSE:GPRK) Issues Quarterly Earnings Results

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) announced its quarterly earnings results on Tuesday. The oil and gas company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07, Zacks reports. Geopark had a return on equity of 42.96% and a net margin of 12.56%.

Geopark Price Performance

Shares of GPRK stock traded up $0.26 during mid-day trading on Tuesday, hitting $6.64. 516,815 shares of the stock were exchanged, compared to its average volume of 472,590. The company has a market cap of $340.30 million, a PE ratio of 4.40 and a beta of 0.77. Geopark has a 52-week low of $5.66 and a 52-week high of $11.72. The firm has a fifty day moving average of $6.92 and a 200 day moving average of $7.45. The company has a quick ratio of 1.92, a current ratio of 1.96 and a debt-to-equity ratio of 3.03.

Geopark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.147 per share. This represents a $0.59 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend was Thursday, May 22nd. Geopark's dividend payout ratio is presently 39.07%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Geopark from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Geopark by 115.2% in the 1st 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 buying an additional 152,520 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Geopark by 94.2% in the 1st 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 in the last quarter. Finally, Millennium Management LLC lifted its stake in Geopark by 139.9% in the 1st 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 in the last quarter. 68.21% of the stock is owned by hedge funds and other institutional investors.

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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