Geopark (NYSE:GPRK) Stock Passes Below 50 Day Moving Average - Here's What Happened

Geopark Ltd (NYSE:GPRK - Get Free Report)'s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.89 and traded as low as $6.47. Geopark shares last traded at $6.50, with a volume of 479,593 shares trading hands.

Wall Street Analysts Forecast Growth

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

Geopark Trading Up 1.2%

The business's 50 day simple moving average is $6.91 and its two-hundred day simple moving average is $7.98. The stock has a market cap of $366.18 million, a P/E ratio of 4.73 and a beta of 0.76. 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 (NYSE:GPRK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.12). Geopark had a return on equity of 42.96% and a net margin of 12.56%. The firm had revenue of $137.30 million during the quarter, compared to analyst estimates of $126.00 million. As a group, analysts expect that Geopark Ltd will post 1.97 EPS for the current year.

Geopark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.147 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.59 dividend on an annualized basis and a dividend yield of 8.23%. Geopark's dividend payout ratio (DPR) is presently 39.07%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SVB Wealth LLC bought a new position in shares of Geopark during the first quarter worth about $27,000. Investment Counsel Co. of Nevada bought a new position in Geopark during the 4th quarter worth approximately $48,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Geopark in the 1st quarter worth approximately $99,000. Hsbc Holdings PLC acquired a new position in shares of Geopark in the 1st quarter worth approximately $100,000. Finally, Fox Run Management L.L.C. boosted its stake in shares of Geopark by 17.0% in the 4th quarter. Fox Run Management L.L.C. now owns 13,855 shares of the oil and gas company's stock valued at $128,000 after purchasing an additional 2,009 shares during the last quarter. 68.21% of the stock is owned by institutional investors.

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.