GeoPark (NYSE:GPRK) Stock Price Down 3.7% – What’s Next?

GeoPark Limited (NYSE:GPRK)’s stock price fell 3.7% during trading on Friday . The company traded as low as $10.60 and last traded at $10.70. 112,117 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 417,270 shares. The stock had previously closed at $11.11.

Analysts Set New Price Targets

A number of brokerages have commented on GPRK. StockNews.com raised shares of GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Monday. JPMorgan Chase & Co. decreased their target price on GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th.

GeoPark Stock Performance

The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $553.55 million, a P/E ratio of 5.64 and a beta of 1.37. The company’s 50 day moving average is $8.51 and its 200-day moving average is $9.22.

GeoPark (NYSE:GPRK) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.11). GeoPark had a return on equity of 57.93% and a net margin of 14.97%. The company had revenue of $159.50 million for the quarter, compared to the consensus estimate of $156.99 million. As a group, equities analysts anticipate that GeoPark Limited will post 2.56 EPS for the current year.

GeoPark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.147 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.59 annualized dividend and a dividend yield of 5.43%. GeoPark’s dividend payout ratio is 29.95%.

Hedge Funds Weigh In On GeoPark

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new position in GeoPark during the first quarter worth $28,000. Employees Retirement System of Texas bought a new stake in shares of GeoPark during the second quarter worth about $34,000. nVerses Capital LLC acquired a new stake in shares of GeoPark in the 2nd quarter worth about $35,000. Blue Trust Inc. bought a new position in GeoPark in the 3rd quarter valued at about $38,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of GeoPark during the third quarter valued at approximately $44,000. 68.21% of the stock is currently owned by institutional investors.

GeoPark Company Profile

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.