Geopark (NYSE:GPRK) Trading Down 4.9% Following Insider Selling

Key Points

• Geopark shares fell 4.9% to $11.38 after director James Park sold 100,000 shares for approximately $1.19 million, reducing his stake by 12.62%.
• Analysts maintain a generally cautious view, with a consensus “Hold” rating and a $12.00 price target; Jefferies separately reiterated a “Buy” rating.
• Geopark exceeded quarterly EPS expectations, reporting $0.22 versus the $0.12 consensus, though revenue of $143.3 million came in below the $185.5 million forecast. The company also paid a quarterly dividend of $0.023 per share.

Geopark Ltd (NYSE:GPRK - Get Free Report) traded down 4.9% during trading on Friday after an insider sold shares in the company. The company traded as low as $11.41 and last traded at $11.38. Approximately 522,746 shares changed hands during trading, a decline of 34% from the average session volume of 790,876 shares. The stock had previously closed at $11.97.

Specifically, Director James Park sold 100,000 shares of the company's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $11.92, for a total value of $1,192,000.00. Following the transaction, the director directly owned 692,118 shares in the company, valued at $8,250,046.56. This represents a 12.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GPRK. Jefferies Financial Group reissued a "buy" rating and set a $12.00 price objective on shares of Geopark in a report on Wednesday. Wall Street Zen lowered shares of Geopark from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Geopark in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $12.00.

Geopark Price Performance

The business has a fifty day moving average price of $10.02 and a 200-day moving average price of $9.69. 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 stock has a market capitalization of $588.43 million, a PE ratio of 7.74 and a beta of 0.41.

Geopark (NYSE:GPRK - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 31.33% and a net margin of 16.00%.

Geopark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were issued a $0.023 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 19th. Geopark's payout ratio is presently 6.12%.

Institutional Investors Weigh In On Geopark

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new position in Geopark in the 2nd quarter worth $29,000. Caitong International Asset Management Co. Ltd boosted its position in Geopark by 86.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,775 shares of the oil and gas company's stock valued at $50,000 after buying an additional 3,134 shares during the period. StoneX Group Inc. bought a new position in shares of Geopark during the fourth quarter valued at about $101,000. PharVision Advisers LLC bought a new position in shares of Geopark during the third quarter valued at about $117,000. Finally, Graham Capital Management L.P. purchased a new position in shares of Geopark in the fourth quarter worth about $139,000. Hedge funds and other institutional investors own 68.21% of the company's stock.

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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