GeoPark Limited (NYSE:GPRK - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.23 and traded as low as $8.26. GeoPark shares last traded at $8.30, with a volume of 504,480 shares traded.
Analysts Set New Price Targets
GPRK has been the topic of several research analyst reports. StockNews.com cut shares of GeoPark from a "strong-buy" rating to a "buy" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective on shares of GeoPark from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th.
Check Out Our Latest Analysis on GPRK
GeoPark Trading Down 1.0 %
The stock has a fifty day moving average of $8.10 and a two-hundred day moving average of $9.22. The company has a market capitalization of $420.54 million, a PE ratio of 4.21 and a beta of 1.31. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 2.53.
GeoPark (NYSE:GPRK - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.11). GeoPark had a return on equity of 57.93% and a net margin of 14.97%. The business had revenue of $159.50 million for the quarter, compared to analysts' expectations of $156.99 million. As a group, sell-side analysts anticipate that GeoPark Limited will post 2.95 earnings per share for the current fiscal year.
GeoPark Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.147 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 7.15%. GeoPark's dividend payout ratio (DPR) is currently 29.95%.
Hedge Funds Weigh In On GeoPark
Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in shares of GeoPark by 1.9% during the second quarter. Renaissance Technologies LLC now owns 3,246,617 shares of the oil and gas company's stock valued at $35,550,000 after purchasing an additional 61,454 shares during the period. Acadian Asset Management LLC grew its position in shares of GeoPark by 3,251.7% in the 2nd quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company's stock worth $4,139,000 after buying an additional 368,161 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in GeoPark by 77.4% in the third quarter. Principal Financial Group Inc. now owns 366,380 shares of the oil and gas company's stock valued at $2,883,000 after acquiring an additional 159,861 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of GeoPark in the 3rd quarter worth about $2,834,000. Finally, Mackenzie Financial Corp purchased a new position in shares of GeoPark during the second quarter valued at about $2,929,000. 68.21% of the stock is currently owned by institutional investors.
GeoPark Company Profile
(
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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.
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