GeoPark (NYSE:GPRK) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of GeoPark (NYSE:GPRK – Get Rating) in a research note published on Thursday. The firm issued a strong-buy rating on the oil and gas company’s stock.

GeoPark Price Performance

GPRK stock opened at $10.49 on Thursday. The company has a 50 day simple moving average of $13.75 and a 200 day simple moving average of $13.78. The stock has a market cap of $631.92 million, a price-to-earnings ratio of 2.78 and a beta of 1.47. GeoPark has a 1 year low of $10.26 and a 1 year high of $18.52. The company has a debt-to-equity ratio of 4.20, a current ratio of 1.04 and a quick ratio of 0.98.

GeoPark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 22nd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.96%. This is a boost from GeoPark’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, March 21st. GeoPark’s dividend payout ratio is currently 13.53%.

Hedge Funds Weigh In On GeoPark

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in GeoPark by 3.2% during the 3rd quarter. State Street Corp now owns 38,704 shares of the oil and gas company’s stock worth $454,000 after acquiring an additional 1,200 shares during the last quarter. Deltec Asset Management LLC grew its holdings in GeoPark by 3.9% during the 3rd quarter. Deltec Asset Management LLC now owns 39,627 shares of the oil and gas company’s stock worth $465,000 after acquiring an additional 1,500 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in GeoPark during the 1st quarter worth approximately $30,000. Cubist Systematic Strategies LLC grew its holdings in GeoPark by 4.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 48,422 shares of the oil and gas company’s stock worth $568,000 after acquiring an additional 2,191 shares during the last quarter. Finally, ExodusPoint Capital Management LP grew its holdings in GeoPark by 9.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 32,971 shares of the oil and gas company’s stock worth $509,000 after acquiring an additional 2,759 shares during the last quarter. 54.73% of the stock is currently owned by institutional investors and hedge funds.

GeoPark Company Profile

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GeoPark Ltd. engages in the exploration, development, and production for oil and gas reserves. It operates through the following geographical segments: Chile, Brazil, Colombia, Peru, Argentina, Ecuador, and Corporate. The company was founded by Gerald Eugene O’Shaughnessy and James Franklin Park in 2002 and is headquartered in Bogota, Colombia.