GeoPark Limited (NYSE:GPRK) Sees Large Drop in Short Interest

GeoPark Limited (NYSE:GPRK) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 972,800 shares, a drop of 16.1% from the August 15th total of 1,160,000 shares. Based on an average daily trading volume, of 381,100 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.6% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com raised GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 19th.

Institutional Trading of GeoPark

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new stake in GeoPark in the first quarter valued at about $28,000. Employees Retirement System of Texas acquired a new position in shares of GeoPark in the 2nd quarter worth approximately $34,000. nVerses Capital LLC acquired a new position in shares of GeoPark in the 2nd quarter worth approximately $35,000. Virtu Financial LLC bought a new stake in shares of GeoPark in the 1st quarter valued at approximately $192,000. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of GeoPark by 146.7% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 27,798 shares of the oil and gas company’s stock valued at $238,000 after acquiring an additional 16,532 shares in the last quarter. 68.21% of the stock is owned by institutional investors and hedge funds.

GeoPark Stock Down 1.0 %

GeoPark stock traded down $0.08 during midday trading on Wednesday, hitting $7.75. 250,406 shares of the stock were exchanged, compared to its average volume of 413,101. GeoPark has a 1 year low of $7.24 and a 1 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 firm has a market cap of $428.52 million, a P/E ratio of 3.83 and a beta of 1.32. The company has a 50 day moving average price of $9.19 and a two-hundred day moving average price of $9.65.

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 the consensus estimate of $0.78 by ($0.30). GeoPark had a return on equity of 60.77% and a net margin of 14.28%. The business had revenue of $190.20 million during the quarter, compared to analyst estimates of $182.74 million. On average, sell-side analysts predict that GeoPark will post 3.18 earnings per share for the current fiscal year.

GeoPark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $0.147 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date of this dividend was Thursday, August 29th. GeoPark’s payout ratio is currently 28.43%.

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.