Geopark (NYSE:GPRK) Sets New 12-Month High – Should You Buy?

Shares of Geopark Ltd (NYSE:GPRK) reached a new 52-week high on Wednesday . The stock traded as high as $9.94 and last traded at $9.8890, with a volume of 144866 shares trading hands. The stock had previously closed at $9.76.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GPRK shares. Zacks Research raised shares of Geopark to a “hold” rating in a report on Thursday, January 1st. Jefferies Financial Group reiterated a “buy” rating and set a $11.50 price target on shares of Geopark in a research note on Thursday, March 5th. Finally, Weiss Ratings upgraded shares of Geopark from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $11.50.

Geopark Stock Up 1.2%

The company has a market capitalization of $506.35 million, a PE ratio of 15.30 and a beta of 0.44. The company has a current ratio of 2.63, a quick ratio of 2.57 and a debt-to-equity ratio of 2.70. The firm has a 50 day simple moving average of $8.24 and a two-hundred day simple moving average of $7.50.

Geopark (NYSE:GPRK) last issued its quarterly earnings results on Wednesday, March 11th. The oil and gas company reported $0.60 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.61. Geopark had a return on equity of 33.42% and a net margin of 6.45%.The firm had revenue of $110.30 million during the quarter, compared to the consensus estimate of $120.00 million. Research analysts expect that Geopark Ltd will post 1.97 EPS for the current year.

Geopark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 11th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, March 11th. Geopark’s dividend payout ratio (DPR) is 18.46%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GPRK. VR Advisory Services Ltd raised its holdings in Geopark by 370.9% during the fourth quarter. VR Advisory Services Ltd now owns 1,105,201 shares of the oil and gas company’s stock worth $8,190,000 after purchasing an additional 870,516 shares in the last quarter. UBS Group AG increased its position in Geopark by 0.8% during the 4th quarter. UBS Group AG now owns 988,754 shares of the oil and gas company’s stock worth $7,327,000 after purchasing an additional 7,623 shares during the period. Vennlight Capital Management LP acquired a new position in Geopark during the 4th quarter worth approximately $5,854,000. Millennium Management LLC raised its stake in shares of Geopark by 41.6% during the 3rd quarter. Millennium Management LLC now owns 619,822 shares of the oil and gas company’s stock worth $3,948,000 after buying an additional 182,039 shares in the last quarter. Finally, Aventail Capital Group LP acquired a new stake in shares of Geopark in the 4th quarter valued at approximately $3,164,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.

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.