GeoPark (NYSE:GPRK) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of GeoPark Limited (NYSE:GPRK) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.85 and traded as low as $7.61. GeoPark shares last traded at $7.73, with a volume of 571,207 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised GeoPark from a “hold” rating to a “buy” rating in a research report on Friday, March 14th.

GeoPark Trading Down 1.2 %

The stock has a market cap of $395.23 million, a price-to-earnings ratio of 3.92 and a beta of 1.37. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.28 and a quick ratio of 1.23. The company’s fifty day moving average price is $8.91 and its 200-day moving average price is $8.85.

GeoPark (NYSE:GPRK) last issued its quarterly earnings results on Wednesday, March 5th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.43). GeoPark had a net margin of 14.97% and a return on equity of 57.93%. The company had revenue of $143.70 million for the quarter, compared to analyst estimates of $141.00 million. On average, research analysts expect that GeoPark Limited will post 1.97 EPS for the current fiscal year.

GeoPark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 19th will be issued a dividend of $0.147 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date is Wednesday, March 19th. GeoPark’s dividend payout ratio (DPR) is 32.22%.

Hedge Funds Weigh In On GeoPark

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of GeoPark in the 3rd quarter valued at $44,000. Investment Counsel Co. of Nevada acquired a new position in GeoPark during the fourth quarter valued at $48,000. R Squared Ltd acquired a new position in GeoPark during the fourth quarter valued at $50,000. Blue Trust Inc. boosted its holdings in GeoPark by 25.6% in the fourth quarter. Blue Trust Inc. now owns 6,142 shares of the oil and gas company’s stock valued at $57,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Barclays PLC grew its position in GeoPark by 392.3% during the 3rd quarter. Barclays PLC now owns 8,974 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 7,151 shares during the period. Institutional investors and hedge funds own 68.21% of the company’s stock.

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.