GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. As of December 31, 2021, the company had working and/or economic interests in 42 hydrocarbons blocks. It had net proved reserves of 87.8 million barrels of oil equivalent. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013. GeoPark Limited was founded in 2002 and is based in Bogotá, Colombia.
Analyst Ratings Changes
Separately, Canaccord Genuity Group dropped their target price on GeoPark from $24.00 to $22.00 and set a "buy" rating for the company in a research note on Friday.
GeoPark Trading Up 7.2 %
NYSE:GPRK traded up $0.90 during trading hours on Friday, reaching $13.45. 305,762 shares of the company were exchanged, compared to its average volume of 197,691. GeoPark has a 52-week low of $9.50 and a 52-week high of $18.52. The stock has a 50 day simple moving average of $12.94 and a 200 day simple moving average of $14.44. The firm has a market cap of $810.23 million, a price-to-earnings ratio of 4.75 and a beta of 1.54. The company has a debt-to-equity ratio of 29.06, a current ratio of 0.96 and a quick ratio of 0.94.
GeoPark (NYSE:GPRK - Get Rating) last announced its quarterly earnings results on Wednesday, May 11th. The oil and gas company reported $0.51 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.65). GeoPark had a negative return on equity of 398.58% and a net margin of 18.44%. The firm had revenue of $249.15 million for the quarter, compared to analyst estimates of $252.82 million. As a group, analysts predict that GeoPark will post 4.94 EPS for the current year.
GeoPark Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 25th will be paid a $0.127 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Wednesday, August 24th. This is an increase from GeoPark's previous quarterly dividend of $0.08. GeoPark's dividend payout ratio (DPR) is currently 11.66%.