GeoPark (NYSE:GPRK) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

GeoPark Limited (NYSE:GPRK) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on GPRK shares. StockNews.com cut GeoPark from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. reduced their price objective on shares of GeoPark from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th.

GeoPark Price Performance

The stock has a market cap of $459.96 million, a price-to-earnings ratio of 4.52 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. The company’s fifty day moving average is $8.12 and its two-hundred day moving average is $9.21.

GeoPark (NYSE:GPRK) last released 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). The firm had revenue of $159.50 million for the quarter, compared to analysts’ expectations of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. As a group, research analysts predict that GeoPark Limited will post 2.95 earnings per share for the current year.

GeoPark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 yield of 6.54%. GeoPark’s dividend payout ratio (DPR) is presently 29.44%.

Institutional Investors Weigh In On GeoPark

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC purchased a new stake in GeoPark during the 1st quarter worth about $28,000. Employees Retirement System of Texas acquired a new position in shares of GeoPark during the second quarter worth about $34,000. nVerses Capital LLC purchased a new stake in shares of GeoPark during the second quarter worth approximately $35,000. Blue Trust Inc. purchased a new position in GeoPark in the third quarter worth approximately $38,000. Finally, Public Employees Retirement System of Ohio acquired a new position in GeoPark during the 3rd quarter worth approximately $44,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.

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.