GeoPark Limited Announces Quarterly Dividend of $0.15 (NYSE:GPRK)

GeoPark Limited (NYSE:GPRK) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.147 per share by the oil and gas company on Friday, December 6th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date of this dividend is Thursday, November 21st.

GeoPark has increased its dividend payment by an average of 104.1% annually over the last three years. GeoPark has a payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect GeoPark to earn $3.84 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 15.4%.

GeoPark Price Performance

Shares of GPRK stock traded down $0.05 on Friday, reaching $8.00. 57,112 shares of the company were exchanged, compared to its average volume of 392,337. The company has a market cap of $443.76 million, a price-to-earnings ratio of 4.12 and a beta of 1.31. The business has a 50-day moving average price of $8.06 and a 200 day moving average price of $9.30. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.10 and a current ratio of 1.16. GeoPark has a 1 year low of $7.24 and a 1 year high of $11.25.

GeoPark (NYSE:GPRK) last released its earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The company had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $182.74 million. GeoPark had a return on equity of 60.77% and a net margin of 14.28%. Equities research analysts forecast that GeoPark will post 2.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GPRK. JPMorgan Chase & Co. dropped their price objective on shares of GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. StockNews.com cut shares of GeoPark from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 28th.

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.