Geopark (NYSE:GPRK) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Geopark (NYSE:GPRK) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Geopark in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Geopark currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.50.

Geopark Trading Down 0.9%

Shares of Geopark stock opened at $9.42 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.96 and a current ratio of 1.17. The firm has a 50-day moving average of $9.96 and a 200-day moving average of $9.32. Geopark has a 52-week low of $5.75 and a 52-week high of $11.87. The stock has a market cap of $487.11 million, a PE ratio of 6.41 and a beta of 0.39.

Geopark (NYSE:GPRK) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.10. Geopark had a net margin of 16.00% and a return on equity of 31.33%. The business had revenue of $143.30 million during the quarter, compared to analysts’ expectations of $185.50 million.

Geopark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.023 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.09 annualized dividend and a yield of 1.0%. Geopark’s dividend payout ratio is currently 6.12%.

Hedge Funds Weigh In On Geopark

Several hedge funds have recently bought and sold shares of GPRK. Renaissance Technologies LLC raised its position in shares of Geopark by 21.2% in the 1st quarter. Renaissance Technologies LLC now owns 3,309,031 shares of the oil and gas company’s stock valued at $31,436,000 after buying an additional 578,178 shares in the last quarter. VR Advisory Services Ltd boosted its position in shares of Geopark by 370.9% during the 4th 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. UBS Group AG increased its stake in Geopark by 0.8% in the fourth quarter. UBS Group AG now owns 988,754 shares of the oil and gas company’s stock valued at $7,327,000 after acquiring an additional 7,623 shares during the last quarter. Vennlight Capital Management LP bought a new position in Geopark in the fourth quarter valued at approximately $5,854,000. Finally, Millennium Management LLC raised its position in Geopark by 41.6% during the third quarter. Millennium Management LLC now owns 619,822 shares of the oil and gas company’s stock valued at $3,948,000 after purchasing an additional 182,039 shares in the last quarter. 68.21% of the stock is owned by institutional investors.

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.