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

GeoPark Limited (NYSE:GPRK) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors 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 annualized dividend and a yield of 6.84%. The ex-dividend date is Thursday, November 21st.

GeoPark has raised its dividend payment by an average of 104.1% per year over the last three years. GeoPark has a payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.6 %

Shares of GPRK opened at $8.60 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 2.53. The company’s fifty day simple moving average is $8.08 and its 200-day simple moving average is $9.23. GeoPark has a twelve month low of $7.24 and a twelve month high of $11.25. The company has a market cap of $439.98 million, a P/E ratio of 4.37 and a beta of 1.31.

GeoPark (NYSE:GPRK) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $156.99 million. GeoPark had a net margin of 14.97% and a return on equity of 57.93%. As a group, analysts expect that GeoPark will post 2.95 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on GPRK. JPMorgan Chase & Co. lowered 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.