Geopark (NYSE:GPRK) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Geopark Ltd (NYSE:GPRK)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $10.48 and traded as high as $11.56. Geopark shares last traded at $11.4650, with a volume of 636,137 shares traded.

Analyst Ratings Changes

Several brokerages recently commented on GPRK. Wall Street Zen cut shares of Geopark from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Geopark in a report on Friday, July 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $12.00 price target on shares of Geopark in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.00.

Geopark Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.21. The company has a market cap of $592.08 million, a price-to-earnings ratio of 7.79 and a beta of 0.45. The company has a fifty day simple moving average of $10.55 and a two-hundred day simple moving average of $10.01.

Geopark (NYSE:GPRK) last released its quarterly earnings results on Monday, August 3rd. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.10. Geopark had a return on equity of 31.33% and a net margin of 16.00%.The business had revenue of $143.30 million during the quarter, compared to the consensus estimate of $185.50 million.

Geopark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a $0.0230 dividend. This represents a $0.09 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 19th. Geopark’s dividend payout ratio is 6.12%.

Insider Activity

In other news, Director James Park sold 100,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $11.92, for a total value of $1,192,000.00. Following the sale, the director directly owned 692,118 shares in the company, valued at $8,250,046.56. This represents a 12.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new stake in Geopark in the 2nd quarter valued at approximately $29,000. Ramsey Quantitative Systems purchased a new position in Geopark during the second quarter worth $143,000. Walleye Capital LLC acquired a new position in shares of Geopark in the first quarter worth $159,000. Pale Fire Capital SE acquired a new position in shares of Geopark in the first quarter worth $204,000. Finally, Modern Wealth Management LLC acquired a new position in shares of Geopark in the first quarter worth $220,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.

About Geopark

GeoPark Limited is an independent Latin American oil and natural gas exploration and production company. Its activities include identifying hydrocarbon resources, acquiring and developing exploration and production assets, drilling wells, and producing and selling crude oil and natural gas.

Founded in 2002, GeoPark has built a portfolio of operated and non-operated assets in several South American markets. The company has been particularly associated with oil and gas operations in Colombia’s Llanos Basin and Brazil’s onshore basins, while its broader history includes exploration and production activities in other Latin American countries.

GeoPark’s operations generally encompass the full upstream process, including geological and seismic evaluation, field development, well drilling, production management, and the operation of related infrastructure.