Geopark (NYSE:GPRK) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Geopark (NYSE:GPRK) to a hold rating in a research note released on Thursday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Wall Street Zen upgraded Geopark from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Geopark in a report on Monday. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Geopark presently has an average rating of “Hold”.

Geopark Stock Down 2.1%

GPRK stock opened at $7.25 on Thursday. The company has a market capitalization of $371.67 million, a price-to-earnings ratio of 11.16 and a beta of 0.47. Geopark has a fifty-two week low of $5.66 and a fifty-two week high of $11.67. The company has a debt-to-equity ratio of 2.70, a quick ratio of 2.57 and a current ratio of 2.63. The stock has a fifty day moving average of $7.67 and a 200-day moving average of $6.98.

Geopark (NYSE:GPRK) last posted its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.11. The company had revenue of $125.10 million during the quarter, compared to analyst estimates of $114.00 million. Geopark had a return on equity of 33.42% and a net margin of 6.45%. As a group, equities research analysts predict that Geopark will post 1.97 earnings per share for the current year.

Geopark Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Wednesday, November 19th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, November 19th. Geopark’s payout ratio is presently 18.46%.

Institutional Trading of Geopark

A number of institutional investors have recently made changes to their positions in the stock. State of Wyoming lifted its holdings in shares of Geopark by 39.2% during the 3rd quarter. State of Wyoming now owns 9,727 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 2,740 shares during the period. Entropy Technologies LP bought a new position in shares of Geopark in the 2nd quarter worth approximately $99,000. Hsbc Holdings PLC purchased a new position in shares of Geopark in the first quarter worth approximately $100,000. R Squared Ltd bought a new stake in Geopark during the second quarter valued at approximately $113,000. Finally, PharVision Advisers LLC bought a new stake in Geopark during the third quarter valued at approximately $117,000. Hedge funds and other institutional investors own 68.21% of the company’s stock.

Geopark Company Profile

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.