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

GeoPark Limited (NYSE:GPRK) announced a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Investors of record on Wednesday, March 19th will be given a dividend of 0.147 per share by the oil and gas company on Monday, March 31st. This represents a $0.59 annualized dividend and a yield of 7.15%. The ex-dividend date of this dividend is Wednesday, March 19th.

GeoPark has increased its dividend by an average of 67.4% per year over the last three years. GeoPark has a payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect GeoPark to earn $2.85 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 20.7%.

GeoPark Trading Up 5.2 %

GPRK opened at $8.23 on Monday. GeoPark has a 52 week low of $7.24 and a 52 week high of $11.72. 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 business has a fifty day simple moving average of $9.21 and a 200-day simple moving average of $8.88. The firm has a market cap of $420.82 million, a P/E ratio of 4.18 and a beta of 1.37.

GeoPark (NYSE:GPRK) last issued its quarterly earnings results on Wednesday, March 5th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.43). GeoPark had a return on equity of 57.93% and a net margin of 14.97%. The business had revenue of $143.70 million for the quarter, compared to analyst estimates of $141.00 million. On average, equities analysts expect that GeoPark will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised GeoPark from a “hold” rating to a “buy” rating in a research note on Friday.

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.