GeoPark (NYSE:GPRK) Shares Down 4.4% – What’s Next?

GeoPark Limited (NYSE:GPRK)’s share price dropped 4.4% on Thursday . The stock traded as low as $10.89 and last traded at $10.90. Approximately 530,020 shares changed hands during trading, a decline of 37% from the average daily volume of 847,592 shares. The stock had previously closed at $11.40.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on GeoPark from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com cut GeoPark from a “strong-buy” rating to a “buy” rating in a research report on Friday.

GeoPark Price Performance

The firm has a market cap of $535.90 million, a P/E ratio of 5.32 and a beta of 1.35. The firm’s fifty day simple moving average is $9.79 and its 200 day simple moving average is $9.18. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.23 and a current ratio of 1.28.

GeoPark (NYSE:GPRK) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share (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 firm had revenue of $159.50 million for the quarter, compared to analysts’ expectations of $156.99 million. As a group, analysts forecast that GeoPark Limited will post 2.3 earnings per share for the current year.

GeoPark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were given a dividend of $0.147 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.59 dividend on an annualized basis and a yield of 5.61%. GeoPark’s dividend payout ratio (DPR) is presently 29.95%.

Hedge Funds Weigh In On GeoPark

Several large investors have recently modified their holdings of GPRK. Employees Retirement System of Texas purchased a new stake in shares of GeoPark in the second quarter valued at $34,000. Blue Trust Inc. purchased a new stake in GeoPark in the 3rd quarter worth about $38,000. Public Employees Retirement System of Ohio bought a new stake in GeoPark in the third quarter worth about $44,000. Barclays PLC boosted its position in shares of GeoPark by 392.3% during the third quarter. Barclays PLC now owns 8,974 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 7,151 shares during the period. Finally, DGS Capital Management LLC bought a new position in shares of GeoPark during the third quarter valued at approximately $148,000. Institutional investors own 68.21% of the company’s stock.

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.