Geopark (NYSE:GPRK) Share Price Crosses Below Fifty Day Moving Average - What's Next?

Geopark Ltd (NYSE:GPRK - Get Free Report)'s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.91 and traded as low as $6.89. Geopark shares last traded at $7.23, with a volume of 385,354 shares.

Analysts Set New Price Targets

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

Geopark Stock Performance

The firm has a 50-day moving average of $6.94 and a two-hundred day moving average of $7.88. The company has a quick ratio of 1.92, a current ratio of 1.96 and a debt-to-equity ratio of 3.03. The company has a market capitalization of $364.90 million, a PE ratio of 4.72 and a beta of 0.76.

Geopark (NYSE:GPRK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.12). The company had revenue of $137.30 million for the quarter, compared to analysts' expectations of $126.00 million. Geopark had a net margin of 12.56% and a return on equity of 42.96%. Research analysts anticipate that Geopark Ltd will post 1.97 EPS for the current year.

Geopark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a $0.147 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date was Thursday, May 22nd. Geopark's dividend payout ratio (DPR) is presently 39.07%.

Institutional Trading of Geopark

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC increased its position in shares of Geopark by 5.2% during the fourth quarter. Renaissance Technologies LLC now owns 3,176,376 shares of the oil and gas company's stock worth $29,445,000 after purchasing an additional 156,067 shares in the last quarter. Millennium Management LLC increased its position in shares of Geopark by 139.9% during the first 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. Goldman Sachs Group Inc. increased its position in shares of Geopark by 94.2% during the first 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 in the last quarter. Principal Financial Group Inc. increased its position in shares of Geopark by 4.0% during the first quarter. Principal Financial Group Inc. now owns 359,919 shares of the oil and gas company's stock worth $2,908,000 after purchasing an additional 13,999 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Geopark by 55.1% during the fourth quarter. JPMorgan Chase & Co. now owns 339,337 shares of the oil and gas company's stock worth $3,146,000 after purchasing an additional 120,518 shares in the last quarter. 68.21% of the stock is currently owned by hedge funds and other 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.