Geopark (NYSE:GPRK) Sees Strong Trading Volume – Should You Buy?

Geopark Ltd (NYSE:GPRK) shares saw strong trading volume on Thursday . Approximately 1,117,187 shares were traded during mid-day trading, an increase of 51% from the previous session’s volume of 737,999 shares.The stock last traded at $12.5790 and had previously closed at $11.69.

Analysts Set New Price Targets

Several equities analysts have recently commented on GPRK shares. Wall Street Zen lowered shares of Geopark from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “hold (c)” rating on shares of Geopark in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.50.

Geopark Price Performance

The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.21. The stock has a 50-day simple moving average of $9.81 and a 200 day simple moving average of $9.59. The stock has a market capitalization of $596.22 million, a price-to-earnings ratio of 7.84 and a beta of 0.41.

Geopark (NYSE:GPRK) last posted its quarterly earnings results on Monday, August 3rd. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.12 by $0.10. The business had revenue of $143.30 million for the quarter, compared to analysts’ expectations of $185.50 million. Geopark had a net margin of 16.00% and a return on equity of 31.33%.

Geopark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a $0.023 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.09 dividend on an annualized basis and a yield of 0.8%. Geopark’s dividend payout ratio (DPR) is presently 6.12%.

Insider Activity at Geopark

In related news, Director James Park sold 120,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $9.65, for a total transaction of $1,158,000.00. Following the completion of the sale, the director owned 792,118 shares in the company, valued at $7,643,938.70. This represents a 13.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in shares of Geopark in the second quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its position in Geopark by 86.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,775 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 3,134 shares during the period. StoneX Group Inc. acquired a new position in Geopark during the 4th quarter valued at $101,000. Ramsey Quantitative Systems acquired a new position in Geopark during the 2nd quarter valued at $143,000. Finally, Walleye Capital LLC bought a new stake in Geopark in the 1st quarter valued at $159,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.

About Geopark

Geopark Ltd. (NYSE:GPRK) is an independent oil and gas exploration and production company focused on Latin America. Founded in 2002 and with corporate offices in Canada and regional headquarters in Bogotá, Colombia, Geopark pursues the discovery and development of unconventional and conventional hydrocarbon resources. The company’s strategy emphasizes asset consolidation in established basins alongside disciplined capital allocation to maximize production efficiency.

The company’s core operations are centered in Colombia’s Llanos Basin, where it holds interests in several producing blocks that deliver light crude oil to local and export markets.