GeoPark Limited (NYSE:GPRK) Plans $0.15 Quarterly Dividend

GeoPark Limited (NYSE:GPRK - Get Free Report) announced a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be paid a dividend of 0.147 per share by the oil and gas company on Monday, March 31st. This represents a $0.59 annualized dividend and a dividend yield of 7.73%. The ex-dividend date is Wednesday, March 19th.

GeoPark has raised its dividend payment by an average of 67.4% per year over the last three years. GeoPark has a dividend payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect GeoPark to earn $2.85 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 20.7%.

GeoPark Stock Down 1.6 %

Shares of NYSE:GPRK traded down $0.12 during trading on Tuesday, hitting $7.61. 398,287 shares of the company's stock traded hands, compared to its average volume of 514,268. The company has a 50-day moving average price of $9.36 and a 200-day moving average price of $8.92. GeoPark has a 52 week low of $7.24 and a 52 week high of $11.72. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 2.53. The company has a market cap of $389.35 million, a price-to-earnings ratio of 3.86 and a beta of 1.37.

GeoPark (NYSE:GPRK - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The oil and gas company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.43). GeoPark had a net margin of 14.97% and a return on equity of 57.93%. The company had revenue of $143.70 million during the quarter, compared to the consensus estimate of $141.00 million. As a group, research analysts forecast that GeoPark will post 1.97 EPS for the current fiscal year.

Remove Ads

Analyst Upgrades and Downgrades

Separately, StockNews.com cut GeoPark from a "buy" rating to a "hold" rating in a report on Thursday, March 6th.

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.