Geopark (NYSE:GPRK) Hits New 1-Year High - Time to Buy?

Key Points

• Geopark shares reached a new 52-week high, trading as high as $11.98 and gaining 5.1%; the company’s market capitalization was approximately $610 million.
• Analyst sentiment remains cautious, with one Buy rating and two Hold ratings, producing an average rating of “Hold” and a target price of $11.50.
• Geopark beat quarterly earnings expectations, reporting adjusted earnings of $0.22 per share versus $0.12 expected, although revenue of $143.3 million fell short of the $185.5 million estimate. The company also announced a quarterly dividend of $0.023 per share, yielding about 0.8% annually.

Geopark Ltd (NYSE:GPRK - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $11.98 and last traded at $11.8150, with a volume of 907794 shares changing hands. The stock had previously closed at $11.23.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GPRK shares. Wall Street Zen cut shares of Geopark from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Geopark in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $11.50.

Geopark Trading Up 5.1%

The stock has a market cap of $610.18 million, a PE ratio of 8.04 and a beta of 0.41. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.21. The firm has a fifty day simple moving average of $9.66 and a two-hundred day simple moving average of $9.52.

Geopark (NYSE:GPRK - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.10. The company had revenue of $143.30 million for the quarter, compared to analysts' expectations of $185.50 million. Geopark had a net margin of 16.00% and a return on equity of 31.33%.

Geopark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a $0.023 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.09 annualized dividend and a yield of 0.8%. Geopark's payout ratio is 6.12%.

Insider Buying and Selling

In other Geopark news, Director James Franklin Park sold 120,000 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $9.65, for a total transaction of $1,158,000.00. Following the sale, the director owned 792,118 shares in the company, valued at $7,643,938.70. This trade represents a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Geopark

A number of large investors have recently modified their holdings of the company. State Street Corp increased its stake in shares of Geopark by 4.7% during the fourth quarter. State Street Corp now owns 26,987 shares of the oil and gas company's stock valued at $200,000 after buying an additional 1,216 shares during the period. Fox Run Management L.L.C. boosted its holdings in Geopark by 4.6% in the fourth quarter. Fox Run Management L.L.C. now owns 52,100 shares of the oil and gas company's stock valued at $386,000 after acquiring an additional 2,279 shares in the last quarter. Lazard Asset Management LLC increased its position in Geopark by 4.6% during the 1st quarter. Lazard Asset Management LLC now owns 53,885 shares of the oil and gas company's stock valued at $512,000 after purchasing an additional 2,383 shares during the period. Glenorchy Capital Ltd raised its holdings in Geopark by 1.4% in the 2nd 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. Finally, Nebula Research & Development LLC raised its holdings in Geopark by 11.5% in the 2nd 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. 68.21% of the stock is owned by hedge funds and other institutional investors.

About Geopark

Geopark Ltd. NYSE: GPRK is an independent oil and gas exploration and production company focused on Latin America. Founded in 2002 and with corporate offices in Canada and regional headquarters in Bogotá, Colombia, Geopark pursues the discovery and development of unconventional and conventional hydrocarbon resources. The company's strategy emphasizes asset consolidation in established basins alongside disciplined capital allocation to maximize production efficiency.

The company's core operations are centered in Colombia's Llanos Basin, where it holds interests in several producing blocks that deliver light crude oil to local and export markets.

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