Geopark (NYSE:GPRK) Trading 9.2% Higher – Should You Buy?

Shares of Geopark Ltd (NYSE:GPRKGet Free Report) traded up 9.2% during mid-day trading on Monday . The company traded as high as $11.10 and last traded at $11.1890. 259,010 shares traded hands during trading, a decline of 71% from the average session volume of 882,247 shares. The stock had previously closed at $10.25.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and set a $11.50 target price on shares of Geopark in a research note on Thursday, March 5th. Weiss Ratings raised Geopark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $11.50.

Check Out Our Latest Stock Analysis on Geopark

Geopark Stock Up 4.3%

The stock has a market capitalization of $611.88 million, a PE ratio of 11.27 and a beta of 0.36. The firm has a 50 day moving average of $9.48 and a two-hundred day moving average of $8.52. The company has a current ratio of 1.00, a quick ratio of 0.96 and a debt-to-equity ratio of 1.51.

Geopark (NYSE:GPRKGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13. Geopark had a return on equity of 36.71% and a net margin of 11.74%.The firm had revenue of $128.40 million during the quarter, compared to the consensus estimate of $140.00 million.

Geopark Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 20th will be paid a $0.023 dividend. This represents a $0.09 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, May 20th. Geopark’s dividend payout ratio (DPR) is presently 8.57%.

Insiders Place Their Bets

In related news, Director James Franklin Park sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $8.83, for a total value of $883,000.00. Following the completion of the transaction, the director directly owned 912,118 shares of the company’s stock, valued at $8,054,001.94. This trade represents a 9.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Geopark

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its stake 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 valued at $50,000 after purchasing an additional 3,134 shares in the last quarter. State of Wyoming increased its position in Geopark by 39.2% during the third quarter. State of Wyoming now owns 9,727 shares of the oil and gas company’s stock worth $62,000 after buying an additional 2,740 shares in the last quarter. StoneX Group Inc. purchased a new position in Geopark during the fourth quarter worth $101,000. Walleye Capital LLC purchased a new position in Geopark during the first quarter worth $159,000. Finally, PharVision Advisers LLC purchased a new position in Geopark during the third quarter worth $117,000. 68.21% of the stock is owned by hedge funds and other institutional investors.

Geopark Company Profile

(Get Free Report)

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.

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