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

GeoPark Limited (NYSE:GPRK) declared 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 6.88%. The ex-dividend date of this dividend is Thursday, November 21st.

GeoPark has increased its dividend by an average of 104.1% per year over the last three years. GeoPark has a dividend payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

NYSE:GPRK opened at $8.55 on Tuesday. GeoPark has a 52-week low of $7.24 and a 52-week high of $11.25. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.23 and a current ratio of 1.28. The firm’s 50-day moving average is $8.04 and its 200-day moving average is $9.24. The company has a market cap of $437.42 million, a price-to-earnings ratio of 4.34 and a beta of 1.31.

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

Wall Street Analyst Weigh In

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

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.