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

GeoPark Limited (NYSE:GPRK) declared 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 annualized dividend and a yield of 7.34%. The ex-dividend date of this dividend is Wednesday, March 19th.

GeoPark has raised its dividend by an average of 67.4% annually over the last three years. GeoPark has a payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 0.2 %

Shares of NYSE GPRK opened at $8.02 on Friday. The firm’s 50-day moving average is $9.39 and its two-hundred day moving average is $8.93. The company has a market capitalization of $410.07 million, a PE ratio of 4.07 and a beta of 1.34. GeoPark has a 12-month low of $7.24 and a 12-month 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 quarterly earnings results on Wednesday, March 5th. The oil and gas company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.43). The business had revenue of $143.70 million during the quarter, compared to analyst estimates of $141.00 million. GeoPark had a net margin of 14.97% and a return on equity of 57.93%. Equities analysts anticipate that GeoPark will post 1.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of GeoPark from a “buy” rating to a “hold” rating in a research report 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.