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

GeoPark Limited (NYSE:GPRK) declared a quarterly dividend on Wednesday, August 14th, Wall Street Journal reports. Stockholders of record on Thursday, August 29th will be given a dividend of 0.147 per share by the oil and gas company on Thursday, September 12th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date is Thursday, August 29th.

GeoPark has raised its dividend payment by an average of 104.1% annually over the last three years. GeoPark has a payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Analysts expect GeoPark to earn $3.86 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 15.3%.

GeoPark Trading Up 3.3 %

GPRK opened at $9.43 on Tuesday. The stock has a market cap of $521.74 million, a price-to-earnings ratio of 4.62 and a beta of 1.34. The stock’s 50 day moving average price is $10.03 and its 200-day moving average price is $9.70. GeoPark has a one year low of $8.05 and a one year high of $11.25. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.13 and a current ratio of 1.20.

Analysts Set New Price Targets

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

About GeoPark

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.