GeoPark (NYSE:GPRK) Shares Cross Below 200-Day Moving Average – Time to Sell?

GeoPark Limited (NYSE:GPRK)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.23 and traded as low as $8.26. GeoPark shares last traded at $8.30, with a volume of 504,480 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GPRK shares. JPMorgan Chase & Co. dropped their price target on shares of GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. StockNews.com cut GeoPark from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th.

GeoPark Stock Down 3.5 %

The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 2.53. The firm has a 50 day moving average of $8.08 and a two-hundred day moving average of $9.23. The firm has a market capitalization of $424.63 million, a price-to-earnings ratio of 4.21 and a beta of 1.31.

GeoPark (NYSE:GPRK) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.11). The company had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. As a group, sell-side analysts anticipate that GeoPark Limited will post 2.95 EPS for the current fiscal year.

GeoPark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.147 per share. This represents a $0.59 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend is Thursday, November 21st. GeoPark’s dividend payout ratio is presently 29.95%.

Institutional Trading of GeoPark

A number of large investors have recently bought and sold shares of GPRK. Blue Trust Inc. acquired a new stake in GeoPark in the 3rd quarter valued at $38,000. Liontrust Investment Partners LLP bought a new stake in GeoPark during the 2nd quarter worth approximately $460,000. Deltec Asset Management LLC raised its stake in shares of GeoPark by 997.3% in the third quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company’s stock worth $1,036,000 after purchasing an additional 119,678 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of GeoPark by 61.7% in the third quarter. GSA Capital Partners LLP now owns 216,084 shares of the oil and gas company’s stock valued at $1,701,000 after purchasing an additional 82,459 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of GeoPark during the second quarter valued at approximately $2,261,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.

About GeoPark

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.