Geopark (NYSE:GPRK) Reaches New 12-Month High – Here’s What Happened

Shares of Geopark Ltd (NYSE:GPRK) reached a new 52-week high during mid-day trading on Wednesday . The company 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.

Analyst Upgrades and Downgrades

GPRK has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Geopark in a research report on Friday, July 17th. Wall Street Zen cut 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 given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.50.

Geopark Stock Performance

The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.15 and a current ratio of 1.17. The business’s 50-day moving average is $9.66 and its 200-day moving average is $9.52. The company has a market capitalization of $610.18 million, a PE ratio of 8.04 and a beta of 0.41.

Geopark (NYSE:GPRK) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $185.50 million.

Geopark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.023 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.09 annualized dividend and a dividend yield of 0.8%. Geopark’s dividend payout ratio is presently 6.12%.

Insiders Place Their Bets

In other Geopark news, Director James Franklin Park sold 120,000 shares of Geopark stock in a transaction on Monday, August 10th. The stock was sold at an average price of $9.65, for a total transaction of $1,158,000.00. Following the completion of the transaction, the director owned 792,118 shares in the company, valued at approximately $7,643,938.70. The trade was a 13.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Geopark

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in Geopark in the 2nd quarter worth about $29,000. Caitong International Asset Management Co. Ltd raised its holdings in Geopark by 86.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,775 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 3,134 shares during the last quarter. StoneX Group Inc. bought a new position in Geopark in the 4th quarter valued at approximately $101,000. Ramsey Quantitative Systems purchased a new stake in Geopark during the 2nd quarter valued at $143,000. Finally, Walleye Capital LLC bought a new stake in shares of Geopark in the 1st quarter worth $159,000. 68.21% of the stock is currently owned by institutional investors.

Geopark Company Profile

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.