Geopark (NYSE:GPRK) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Geopark Ltd (NYSE:GPRK)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.45 and traded as high as $9.90. Geopark shares last traded at $9.7380, with a volume of 342,521 shares changing hands.

Wall Street Analysts Forecast Growth

GPRK has been the subject of several recent research reports. Weiss Ratings raised shares of Geopark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $11.50 price objective on shares of Geopark in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Geopark has an average rating of “Moderate Buy” and a consensus price target of $11.50.

Geopark Price Performance

The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 0.96. The firm has a market cap of $514.51 million, a price-to-earnings ratio of 9.48 and a beta of 0.35. The business’s 50-day moving average price is $9.43 and its two-hundred day moving average price is $8.46.

Geopark (NYSE:GPRK) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. Geopark had a net margin of 11.74% and a return on equity of 36.71%. The business had revenue of $128.40 million during the quarter, compared to the consensus estimate of $140.00 million.

Geopark Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.023 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.09 annualized dividend and a yield of 0.9%. Geopark’s dividend payout ratio (DPR) is 8.57%.

Insider Transactions at Geopark

In related news, Director James Franklin Park sold 100,000 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $8.83, for a total transaction of $883,000.00. Following the transaction, the director directly owned 912,118 shares in the company, valued at $8,054,001.94. This trade represents a 9.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Geopark

Large investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in Geopark by 4.7% in the fourth quarter. State Street Corp now owns 26,987 shares of the oil and gas company’s stock worth $200,000 after buying an additional 1,216 shares during the period. Fox Run Management L.L.C. increased its position 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 worth $386,000 after buying an additional 2,279 shares during the period. Lazard Asset Management LLC increased its position in Geopark by 4.6% in the first quarter. Lazard Asset Management LLC now owns 53,885 shares of the oil and gas company’s stock worth $512,000 after buying an additional 2,383 shares during the period. Glenorchy Capital Ltd increased its position in Geopark by 1.4% in the second quarter. Glenorchy Capital Ltd now owns 181,274 shares of the oil and gas company’s stock worth $1,182,000 after buying an additional 2,562 shares during the period. Finally, State of Wyoming increased its position in Geopark by 39.2% in the third quarter. State of Wyoming now owns 9,727 shares of the oil and gas company’s stock worth $62,000 after buying an additional 2,740 shares during the period. 68.21% of the stock is currently owned by 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.