Geopark (NYSE:GPRK) Sets New 52-Week High – Here’s What Happened

Geopark Ltd (NYSE:GPRK) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $11.98 and last traded at $11.8150, with a volume of 907794 shares. The stock had previously closed at $11.23.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GPRK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Geopark in a report on Friday, July 17th. Wall Street Zen downgraded shares of Geopark from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Geopark Stock Up 1.4%

The stock has a market cap of $612.76 million, a PE ratio of 8.06 and a beta of 0.41. The business has a 50 day moving average of $9.76 and a 200-day moving average of $9.57. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.21.

Geopark (NYSE:GPRK) last issued its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.10. The company had revenue of $143.30 million during the quarter, compared to analysts’ expectations of $185.50 million. Geopark had a return on equity of 31.33% and a net margin of 16.00%.

Geopark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a dividend of $0.023 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.09 dividend on an annualized basis and a yield of 0.8%. Geopark’s dividend payout ratio is currently 6.12%.

Insider Transactions at Geopark

In other Geopark news, Director James Park sold 120,000 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $9.65, for a total transaction of $1,158,000.00. Following the transaction, the director directly owned 792,118 shares of the company’s stock, valued at approximately $7,643,938.70. This trade represents a 13.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Geopark

Hedge funds have recently added to or reduced their stakes in the company. Pale Fire Capital SE increased its position in Geopark by 194.4% during the 2nd quarter. Pale Fire Capital SE now owns 63,300 shares of the oil and gas company’s stock worth $576,000 after purchasing an additional 41,800 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Geopark in the second quarter worth $29,000. Ramsey Quantitative Systems acquired a new stake in Geopark in the second quarter valued at $143,000. Flax Pond Capital LLC purchased a new stake in shares of Geopark during the 1st quarter worth $3,352,000. Finally, Bank of America Corp DE boosted its position in shares of Geopark by 13.8% during the 1st quarter. Bank of America Corp DE now owns 31,504 shares of the oil and gas company’s stock worth $299,000 after purchasing an additional 3,823 shares in the last quarter. 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.