Geopark (NYSE:GPRK) Stock Passes Above 200-Day Moving Average – Should You Sell?
by Renee Jackson · The Cerbat GemGeopark Ltd (NYSE:GPRK – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.45 and traded as high as $9.90. Geopark shares last traded at $9.7380, with a volume of 342,521 shares changing hands.
Analysts Set New Price Targets
Several research firms recently commented on GPRK. Jefferies Financial Group reaffirmed a “buy” rating and issued a $11.50 price target on shares of Geopark in a report on Thursday, March 5th. Weiss Ratings raised Geopark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Geopark has an average rating of “Moderate Buy” and a consensus price target of $11.50.
Get Our Latest Stock Analysis on Geopark
Geopark Stock Up 0.1%
The company has a market capitalization of $503.55 million, a PE ratio of 9.27 and a beta of 0.35. The company has a quick ratio of 0.96, a current ratio of 1.00 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average of $9.41 and a two-hundred day moving average of $8.45.
Geopark (NYSE:GPRK – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.13. The company had revenue of $128.40 million during the quarter, compared to analyst estimates of $140.00 million. Geopark had a return on equity of 36.71% and a net margin of 11.74%.
Geopark Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 20th will be given a $0.023 dividend. This represents a $0.09 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, May 20th. Geopark’s dividend payout ratio is presently 8.57%.
Insider Activity at Geopark
In other news, Director James Franklin Park sold 100,000 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $8.83, for a total transaction of $883,000.00. Following the completion of the transaction, the director directly owned 912,118 shares in the company, valued at $8,054,001.94. This trade represents a 9.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of GPRK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Geopark by 115.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,962 shares of the oil and gas company’s stock worth $2,302,000 after buying an additional 152,520 shares during the period. Millennium Management LLC boosted its position in shares of Geopark by 139.9% during the first quarter. Millennium Management LLC now owns 594,154 shares of the oil and gas company’s stock worth $4,801,000 after buying an additional 346,521 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Geopark by 94.2% during the first quarter. Goldman Sachs Group Inc. now owns 365,825 shares of the oil and gas company’s stock worth $2,956,000 after buying an additional 177,496 shares during the period. Quantbot Technologies LP purchased a new position in shares of Geopark during the second quarter worth $401,000. Finally, Nebula Research & Development LLC boosted its holdings in Geopark by 11.5% in the second quarter. Nebula Research & Development LLC now owns 27,028 shares of the oil and gas company’s stock valued at $176,000 after purchasing an additional 2,793 shares during the period. 68.21% of the stock is currently owned by hedge funds and other institutional investors.
About Geopark
Geopark Ltd. (NYSE:GPRK) is an independent oil and gas exploration and production company focused on Latin America. Founded in 2002 and with corporate offices in Canada and regional headquarters in Bogotá, Colombia, Geopark pursues the discovery and development of unconventional and conventional hydrocarbon resources. The company’s strategy emphasizes asset consolidation in established basins alongside disciplined capital allocation to maximize production efficiency.
The company’s core operations are centered in Colombia’s Llanos Basin, where it holds interests in several producing blocks that deliver light crude oil to local and export markets.