GeoPark (NYSE:GPRK) Shares Gap Down to $9.86

Posted by Defense World Staff on Jul 7th, 2023

GeoPark Limited (NYSE:GPRK – Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $9.86, but opened at $9.60. GeoPark shares last traded at $9.19, with a volume of 29,927 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of GeoPark from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th.

GeoPark Stock Performance

The stock has a fifty day moving average price of $10.14 and a 200-day moving average price of $12.03. The firm has a market capitalization of $533.56 million, a price-to-earnings ratio of 2.50 and a beta of 1.50. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 3.75.

GeoPark (NYSE:GPRK – Free Report) last issued its earnings results on Wednesday, May 3rd. The oil and gas company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.03). GeoPark had a net margin of 22.35% and a return on equity of 265.35%. The firm had revenue of $182.45 million during the quarter, compared to analyst estimates of $202.10 million. As a group, analysts anticipate that GeoPark Limited will post 3.21 earnings per share for the current fiscal year.

GeoPark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Thursday, May 18th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, May 17th. This represents a $0.52 annualized dividend and a yield of 5.62%. GeoPark’s dividend payout ratio is 14.02%.

Institutional Trading of GeoPark

Several large investors have recently added to or reduced their stakes in GPRK. State Street Corp increased its holdings in GeoPark by 3.2% during the 3rd quarter. State Street Corp now owns 38,704 shares of the oil and gas company’s stock valued at $454,000 after purchasing an additional 1,200 shares in the last quarter. Advisor Group Holdings Inc. acquired a new position in shares of GeoPark during the first quarter worth approximately $30,000. Cubist Systematic Strategies LLC lifted its position in shares of GeoPark by 4.7% during the third quarter. Cubist Systematic Strategies LLC now owns 48,422 shares of the oil and gas company’s stock worth $568,000 after purchasing an additional 2,191 shares in the last quarter. ExodusPoint Capital Management LP lifted its position in shares of GeoPark by 9.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 32,971 shares of the oil and gas company’s stock worth $509,000 after purchasing an additional 2,759 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of GeoPark by 7.8% during the third quarter. UBS Asset Management Americas Inc. now owns 50,915 shares of the oil and gas company’s stock worth $597,000 after purchasing an additional 3,700 shares in the last quarter. 45.92% of the stock is owned by institutional investors.

GeoPark Company Profile

(Free Report)

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.