GeoPark (NYSE:GPRK) Stock Price Down 3.7% – Time to Sell?

GeoPark Limited (NYSE:GPRK)’s share price traded down 3.7% on Friday . The company traded as low as $10.60 and last traded at $10.70. 112,117 shares changed hands during trading, a decline of 73% from the average session volume of 417,270 shares. The stock had previously closed at $11.11.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of GeoPark from a “buy” rating to a “strong-buy” rating in a research note on Monday. JPMorgan Chase & Co. decreased their price target on GeoPark from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th.

GeoPark Stock Performance

The firm has a market capitalization of $553.55 million, a price-to-earnings ratio of 5.64 and a beta of 1.37. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 2.53. The stock’s 50-day moving average is $8.51 and its 200-day moving average is $9.22.

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 analysts’ consensus estimates of $0.59 by ($0.11). GeoPark had a net margin of 14.97% and a return on equity of 57.93%. The firm had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.99 million. On average, analysts predict that GeoPark Limited will post 2.56 EPS for the current fiscal year.

GeoPark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be paid a $0.147 dividend. This represents a $0.59 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Thursday, November 21st. GeoPark’s dividend payout ratio is currently 29.95%.

Institutional Investors Weigh In On GeoPark

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC bought a new position in shares of GeoPark during the first quarter valued at $28,000. Employees Retirement System of Texas bought a new position in GeoPark during the 2nd quarter worth $34,000. nVerses Capital LLC acquired a new position in GeoPark during the 2nd quarter worth about $35,000. Blue Trust Inc. acquired a new position in GeoPark during the 3rd quarter worth about $38,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of GeoPark in the third quarter valued at about $44,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.

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.