GeoPark (NYSE:GPRK) Sets New 12-Month High at $11.08

GeoPark Limited (NYSE:GPRK) reached a new 52-week high during trading on Monday . The stock traded as high as $11.08 and last traded at $11.08, with a volume of 51044 shares trading hands. The stock had previously closed at $10.74.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GPRK shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $14.00 price target on shares of GeoPark in a research report on Friday, April 12th. StockNews.com upgraded shares of GeoPark from a “buy” rating to a “strong-buy” rating in a report on Friday, April 5th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $13.17.

GeoPark Stock Performance

The stock has a market capitalization of $607.52 million, a P/E ratio of 5.26 and a beta of 1.37. The stock has a 50 day simple moving average of $9.96 and a two-hundred day simple moving average of $9.30. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 2.47.

GeoPark (NYSE:GPRK) last released its earnings results on Wednesday, May 15th. The oil and gas company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.05). The firm had revenue of $167.42 million during the quarter, compared to the consensus estimate of $192.63 million. GeoPark had a net margin of 15.51% and a return on equity of 67.81%. On average, equities analysts forecast that GeoPark Limited will post 3.23 EPS for the current fiscal year.

GeoPark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.147 per share. The ex-dividend date was Friday, May 31st. This is a positive change from GeoPark’s previous quarterly dividend of $0.14. This represents a $0.59 annualized dividend and a dividend yield of 5.36%. GeoPark’s payout ratio is currently 28.92%.

Institutional Investors Weigh In On GeoPark

Several hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new position in GeoPark during the first quarter worth approximately $28,000. NBC Securities Inc. raised its stake in GeoPark by 480.0% in the 4th quarter. NBC Securities Inc. now owns 5,800 shares of the oil and gas company’s stock valued at $49,000 after acquiring an additional 4,800 shares during the period. Virtu Financial LLC acquired a new stake in GeoPark during the 1st quarter valued at $192,000. Vaughan Nelson Investment Management L.P. lifted its holdings in GeoPark by 59.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 27,260 shares of the oil and gas company’s stock valued at $234,000 after purchasing an additional 10,125 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its position in GeoPark by 146.7% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 27,798 shares of the oil and gas company’s stock worth $238,000 after purchasing an additional 16,532 shares during the period. 68.21% of the stock is currently owned by institutional investors and hedge funds.

GeoPark Company Profile

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.