GeoPark Limited (NYSE:GPRK) to Issue $0.15 Quarterly Dividend

GeoPark Limited (NYSE:GPRK) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.147 per share by the oil and gas company on Friday, December 6th. This represents a $0.59 dividend on an annualized basis and a yield of 6.84%. 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 18.3% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.6 %

NYSE:GPRK opened at $8.60 on Wednesday. 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 has a 12-month low of $7.24 and a 12-month high of $11.25. The firm has a market cap of $439.98 million, a PE ratio of 4.37 and a beta of 1.31. The stock has a fifty day moving average price of $8.08 and a 200 day moving average price of $9.23.

GeoPark (NYSE:GPRK) last announced 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 company had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. Sell-side analysts anticipate that GeoPark will post 2.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GPRK has been the topic of a number of analyst reports. StockNews.com lowered GeoPark from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. dropped their price target on GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th.

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.