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

Key Points

• Geopark shares fell below their 50-day moving average, trading as low as $10.90 and closing near $10.99, down 1.9%. The stock’s 50-day average is $11.09, compared with a 200-day average of $9.72.
• Analyst sentiment remains mixed: Jefferies raised its price target to $13.50 and maintained a Buy rating, while other analysts maintained or shifted to Hold/Buy views. The consensus rating is Hold, with an average target of $13.50.
• Geopark exceeded quarterly earnings expectations, reporting $0.22 in EPS versus the $0.12 consensus, though revenue of $143.3 million missed estimates. The company also paid a quarterly dividend of $0.023 per share, yielding about 0.8% annually.

Geopark Ltd (NYSE:GPRK - Get Free Report) passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $11.09 and traded as low as $10.90. Geopark shares last traded at $10.9910, with a volume of 719,207 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GPRK. Jefferies Financial Group raised their price objective on Geopark from $12.00 to $13.50 and gave the company a "buy" rating in a research note on Thursday, October 22nd. Wall Street Zen lowered Geopark from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Geopark in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $13.50.

Geopark Trading Down 1.9%

The company's fifty day moving average is $11.09 and its 200-day moving average is $9.72. 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 market capitalization of $568.34 million, a P/E ratio of 7.48 and a beta of 0.45.

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

Geopark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were paid a $0.0230 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.8%. Geopark's payout ratio is presently 6.12%.

Insider Activity at Geopark

In related news, Director James Park sold 120,000 shares of the business'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 completion of the transaction, the director owned 792,118 shares of the company's stock, valued at approximately $7,643,938.70. The trade was a 13.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Geopark

Several hedge funds have recently added to or reduced their stakes in the business. State of Wyoming boosted its position in shares of Geopark by 3.4% in the third quarter. State of Wyoming now owns 28,917 shares of the oil and gas company's stock valued at $302,000 after acquiring an additional 939 shares during the period. Armstrong Fleming & Moore Inc grew its stake in shares of Geopark by 1.8% in the third quarter. Armstrong Fleming & Moore Inc now owns 241,517 shares of the oil and gas company's stock worth $2,524,000 after acquiring an additional 4,357 shares during the last quarter. Apollon Wealth Management LLC increased its position in Geopark by 4.5% during the third quarter. Apollon Wealth Management LLC now owns 232,808 shares of the oil and gas company's stock worth $2,433,000 after acquiring an additional 10,008 shares during the period. Pale Fire Capital SE increased its position in Geopark by 194.4% during the second quarter. Pale Fire Capital SE now owns 63,300 shares of the oil and gas company's stock worth $576,000 after acquiring an additional 41,800 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Geopark during the second quarter worth $29,000. Institutional investors own 68.21% of the company's stock.

About Geopark

GeoPark Limited is an independent Latin American oil and natural gas exploration and production company. Its activities include identifying prospective hydrocarbon resources, acquiring and developing oil and gas assets, drilling wells, and producing and selling crude oil and natural gas.

Founded in 2002, the company has built a portfolio of upstream assets in South America. Its operations have included the Llanos and Putumayo basins in Colombia, as well as assets in Brazil, Chile, Peru and Argentina at various points in its history.

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