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

GeoPark Limited (NYSE:GPRK) announced a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be paid a dividend of 0.147 per share by the oil and gas company on Monday, March 31st. This represents a $0.59 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date is Wednesday, March 19th.

GeoPark has increased its dividend by an average of 67.4% annually over the last three years. GeoPark has a payout ratio of 26.3% 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 Down 0.2 %

Shares of GPRK stock opened at $8.02 on Friday. The company has a market cap of $410.07 million, a PE ratio of 4.07 and a beta of 1.37. The stock’s 50 day simple moving average is $9.39 and its two-hundred day simple moving average is $8.93. GeoPark has a 1 year low of $7.24 and a 1 year high of $11.72. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.28 and a quick ratio of 1.23.

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

Wall Street Analyst Weigh In

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

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.