Geopark (NYSE:GPRK) Shares Pass Below 200-Day Moving Average - Should You Sell?

Key Points

• Geopark Ltd's share price has fallen below its two hundred day moving average of $6.88, trading as low as $5.97.
• The company reported earnings of $0.27 per share for the last quarter, surpassing analysts' estimates of $0.15.
• Geopark recently declared a quarterly dividend of $0.147 per share, resulting in an annualized dividend yield of 9.8%.

Geopark Ltd (NYSE:GPRK - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.88 and traded as low as $5.97. Geopark shares last traded at $5.98, with a volume of 1,505,759 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on GPRK. Santander began coverage on Geopark in a report on Friday, August 29th. They issued an "outperform" rating for the company. Wall Street Zen upgraded Geopark from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $11.00.

Geopark Stock Performance

The business has a fifty day simple moving average of $6.51 and a two-hundred day simple moving average of $6.85. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.47 and a quick ratio of 2.42. The company has a market cap of $317.49 million, a PE ratio of 7.48 and a beta of 0.83.

Geopark (NYSE:GPRK - Get Free Report) last posted its earnings results on Tuesday, August 5th. The oil and gas company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. The company had revenue of $119.80 million during the quarter, compared to analyst estimates of $123.00 million. Geopark had a return on equity of 35.65% and a net margin of 7.70%. Research analysts anticipate that Geopark Ltd will post 1.97 earnings per share for the current year.

Geopark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were given a dividend of $0.147 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 9.5%. Geopark's dividend payout ratio is presently 71.08%.

Hedge Funds Weigh In On Geopark

A number of large investors have recently made changes to their positions in the business. Glenorchy Capital Ltd increased its position in shares of Geopark by 1.4% during the second quarter. Glenorchy Capital Ltd now owns 181,274 shares of the oil and gas company's stock worth $1,182,000 after purchasing an additional 2,562 shares in the last quarter. Nebula Research & Development LLC increased its position in shares of Geopark by 11.5% during the second quarter. Nebula Research & Development LLC now owns 27,028 shares of the oil and gas company's stock worth $176,000 after purchasing an additional 2,793 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Geopark during the first quarter worth $27,000. Lazard Asset Management LLC increased its position in shares of Geopark by 6.0% during the second quarter. Lazard Asset Management LLC now owns 66,288 shares of the oil and gas company's stock worth $432,000 after purchasing an additional 3,742 shares in the last quarter. Finally, Deltec Asset Management LLC increased its position in shares of Geopark by 4.7% during the first quarter. Deltec Asset Management LLC now owns 89,500 shares of the oil and gas company's stock worth $723,000 after purchasing an additional 4,000 shares in the last quarter. 68.21% of the stock is owned by institutional investors and hedge funds.

About Geopark

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.