Aristides Capital LLC Takes $286,000 Position in GeoPark Limited (NYSE:GPRK)

Aristides Capital LLC purchased a new stake in GeoPark Limited (NYSE:GPRK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,091 shares of the oil and gas company’s stock, valued at approximately $286,000.

Other large investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new position in GeoPark in the second quarter valued at approximately $2,929,000. Employees Retirement System of Texas acquired a new stake in GeoPark during the second quarter worth approximately $34,000. Renaissance Technologies LLC grew its holdings in GeoPark by 1.9% in the 2nd quarter. Renaissance Technologies LLC now owns 3,246,617 shares of the oil and gas company’s stock valued at $35,550,000 after buying an additional 61,454 shares in the last quarter. Acadian Asset Management LLC increased its position in GeoPark by 3,251.7% during the second quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock worth $4,139,000 after acquiring an additional 368,161 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of GeoPark in the second quarter valued at approximately $35,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.

GeoPark Stock Down 1.5 %

Shares of NYSE GPRK opened at $7.87 on Tuesday. The stock has a market capitalization of $435.43 million, a PE ratio of 3.86 and a beta of 1.32. GeoPark Limited has a one year low of $7.24 and a one year high of $11.25. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.10. The business’s fifty day moving average price is $8.78 and its 200-day moving average price is $9.60.

GeoPark (NYSE:GPRK) last released its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The firm had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $182.74 million. GeoPark had a net margin of 14.28% and a return on equity of 60.77%. On average, equities research analysts anticipate that GeoPark Limited will post 3.18 EPS for the current year.

GeoPark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $0.147 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.59 annualized dividend and a dividend yield of 7.47%. GeoPark’s payout ratio is presently 28.43%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GPRK. StockNews.com cut GeoPark from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. raised their price objective on GeoPark from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th.

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.