Fintel reports that on September 21, 2023, Jefferies initiated coverage of Geopark (NYSE:GPRK) with a Buy recommendation.
Analyst Price Forecast Suggests 71.51% Upside
As of August 31, 2023, the average one-year price target for Geopark is 17.34. The forecasts range from a low of 11.62 to a high of $26.25. The average price target represents an increase of 71.51% from its latest reported closing price of 10.11.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Geopark is 975MM, an increase of 14.20%. The projected annual non-GAAP EPS is 4.09.
Geopark Declares $0.13 Dividend
On August 9, 2023 the company declared a regular quarterly dividend of $0.13 per share ($0.53 annualized). Shareholders of record as of August 24, 2023 received the payment on September 7, 2023. Previously, the company paid $0.13 per share.
At the current share price of $10.11 / share, the stock's dividend yield is 5.22%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.48%, the lowest has been 0.48%, and the highest has been 5.68%. The standard deviation of yields is 1.47 (n=204).
The current dividend yield is 1.86 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.16. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
What is the Fund Sentiment?
There are 85 funds or institutions reporting positions in Geopark. This is an increase of 5 owner(s) or 6.25% in the last quarter. Average portfolio weight of all funds dedicated to GPRK is 0.47%, a decrease of 12.56%. Total shares owned by institutions decreased in the last three months by 3.57% to 25,773K shares. 
The put/call ratio of GPRK is 0.07, indicating a bullish outlook.
What are Other Shareholders Doing?
Captrust Financial Advisors holds 7,130K shares representing 12.60% ownership of the company. In it's prior filing, the firm reported owning 7,457K shares, representing a decrease of 4.58%. The firm decreased its portfolio allocation in GPRK by 25.17% over the last quarter.
Compass Group holds 6,867K shares representing 12.14% ownership of the company. In it's prior filing, the firm reported owning 7,978K shares, representing a decrease of 16.18%. The firm decreased its portfolio allocation in GPRK by 5.79% over the last quarter.
Renaissance Technologies holds 3,124K shares representing 5.52% ownership of the company. In it's prior filing, the firm reported owning 3,021K shares, representing an increase of 3.28%. The firm decreased its portfolio allocation in GPRK by 2.05% over the last quarter.
Standard Life Aberdeen holds 1,704K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 1,837K shares, representing a decrease of 7.79%. The firm decreased its portfolio allocation in GPRK by 32.09% over the last quarter.
Westwood Global Investments holds 986K shares representing 1.74% ownership of the company. In it's prior filing, the firm reported owning 959K shares, representing an increase of 2.77%. The firm decreased its portfolio allocation in GPRK by 19.26% over the last quarter.
Geopark Background Information
(This description is provided by the company.)
GeoPark is a Latin American oil and gas explorer, operator and consolidator with oil and gas assets and growth platforms in Colombia, Perú, Argentina, Brazil, Chile and Ecuador.
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