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

GeoPark Limited (NYSE:GPRK - Get Free Report) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.147 per share by the oil and gas company on Friday, December 6th. This represents a $0.59 annualized dividend and a dividend yield of 7.37%. The ex-dividend date of this dividend is Thursday, November 21st.

GeoPark has raised its dividend by an average of 104.1% per year over the last three years. GeoPark has a payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect GeoPark to earn $3.84 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 15.4%.

GeoPark Stock Down 0.9 %

Shares of GeoPark stock traded down $0.07 on Friday, hitting $7.98. The company had a trading volume of 370,268 shares, compared to its average volume of 393,780. The firm has a market capitalization of $442.65 million, a P/E ratio of 4.12 and a beta of 1.31. GeoPark has a twelve month low of $7.24 and a twelve month high of $11.25. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.10. The stock has a 50-day moving average of $8.06 and a 200-day moving average of $9.30.

GeoPark (NYSE:GPRK - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). The company had revenue of $190.20 million during the quarter, compared to analyst estimates of $182.74 million. GeoPark had a net margin of 14.28% and a return on equity of 60.77%. Research analysts predict that GeoPark will post 2.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GPRK shares. StockNews.com cut shares of GeoPark from a "strong-buy" rating to a "buy" rating in a report on Monday, October 28th. JPMorgan Chase & Co. reduced their target price on shares of GeoPark from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th.

About GeoPark

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.