Geopark (NYSE:GPRK) Stock Price Crosses Below 50 Day Moving Average - Here's Why

Geopark Ltd (NYSE:GPRK - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Wall Street Analyst Weigh In

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

Geopark Price Performance

The stock has a market cap of $364.37 million, a P/E ratio of 4.71 and a beta of 0.76. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.92 and a current ratio of 1.96. The business has a 50 day simple moving average of $6.92 and a 200-day simple moving average of $7.92.

Geopark (NYSE:GPRK - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $137.30 million during the quarter, compared to the consensus estimate of $126.00 million. Geopark had a net margin of 12.56% and a return on equity of 42.96%. On average, sell-side analysts forecast 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. Shareholders of record on Thursday, May 22nd were paid a $0.147 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.59 dividend on an annualized basis and a yield of 8.27%. Geopark's dividend payout ratio (DPR) is presently 38.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its stake in shares of Geopark by 5.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,176,376 shares of the oil and gas company's stock worth $29,445,000 after acquiring an additional 156,067 shares during the period. Millennium Management LLC grew its stake 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 acquiring an additional 346,521 shares during the period. 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 acquiring an additional 177,496 shares during the period. Principal Financial Group Inc. grew its stake in shares of Geopark by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 359,919 shares of the oil and gas company's stock worth $2,908,000 after acquiring an additional 13,999 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Geopark by 55.1% during the 4th quarter. JPMorgan Chase & Co. now owns 339,337 shares of the oil and gas company's stock worth $3,146,000 after acquiring an additional 120,518 shares during the period. Institutional investors own 68.21% of the company's stock.

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.