Geopark (NYSE:GPRK) Stock Passes Above Fifty Day Moving Average – What’s Next?

Geopark Ltd (NYSE:GPRK) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.56 and traded as high as $9.68. Geopark shares last traded at $9.21, with a volume of 1,201,118 shares traded.

Wall Street Analysts Forecast Growth

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

Geopark Stock Up 4.6%

The firm has a market cap of $493.69 million, a price-to-earnings ratio of 14.82 and a beta of 0.44. The firm has a 50 day moving average of $8.60 and a 200 day moving average of $7.67. The company has a quick ratio of 2.57, a current ratio of 2.63 and a debt-to-equity ratio of 2.70.

Geopark (NYSE:GPRK) last posted its quarterly earnings results on Sunday, February 15th. The oil and gas company reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $167.42 million for the quarter. Geopark had a return on equity of 33.42% and a net margin of 6.45%. As a group, sell-side analysts predict that Geopark Ltd will post 1.97 earnings per share for the current year.

Geopark Announces Dividend

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

Hedge Funds Weigh In On Geopark

Institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC grew its stake in shares of Geopark by 216.2% in the 4th quarter. Hsbc Holdings PLC now owns 49,337 shares of the oil and gas company’s stock valued at $364,000 after buying an additional 33,734 shares during the period. Stokes Family Office LLC bought a new position in Geopark in the fourth quarter worth approximately $474,000. VR Advisory Services Ltd boosted its holdings in Geopark by 370.9% in 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 acquiring an additional 870,516 shares in the last quarter. Vennlight Capital Management LP acquired a new stake in Geopark in the fourth quarter valued at approximately $5,854,000. Finally, Susquehanna Portfolio Strategies LLC bought a new stake in shares of Geopark during the fourth quarter valued at approximately $190,000. Institutional investors and hedge funds 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.