GeoPark Limited Declares Quarterly Dividend of $0.15 (NYSE:GPRK)

GeoPark Limited (NYSE:GPRK) declared a quarterly dividend on Thursday, August 15th, Wall Street Journal reports. Shareholders of record on Thursday, August 29th will be given a dividend of 0.147 per share by the oil and gas company on Thursday, September 12th. This represents a $0.59 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend is Thursday, August 29th.

GeoPark has raised its dividend payment by an average of 104.1% annually over the last three years. GeoPark has a payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect GeoPark to earn $3.86 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 15.3%.

GeoPark Stock Performance

GPRK stock traded down $0.52 on Thursday, hitting $8.91. The company’s stock had a trading volume of 678,974 shares, compared to its average volume of 419,779. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 2.47. GeoPark has a 1 year low of $8.05 and a 1 year high of $11.25. The firm has a 50 day moving average of $10.21 and a two-hundred day moving average of $9.66. The stock has a market cap of $492.97 million, a price-to-earnings ratio of 4.42 and a beta of 1.34.

GeoPark (NYSE:GPRK) last posted its earnings results on Wednesday, May 15th. The oil and gas company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). The company had revenue of $167.42 million during the quarter, compared to analysts’ expectations of $192.63 million. GeoPark had a net margin of 15.51% and a return on equity of 67.81%. Equities analysts predict that GeoPark will post 3.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of GeoPark from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 5th.

About GeoPark

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.