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GPRK

GeoPark Limited

https://www.geo-park.com

Industry

Oil & Gas Exploration & Production

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. As of December 31, 2021, the company had working and/or economic interests in 42 hydrocarbons blocks. It had net proved reserves of 87.8 million barrels of oil equivalent. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013. GeoPark Limited was founded in 2002 and is based in Bogotá, Colombia.

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JP Morgan analyst Felipe Dos Santos has maintained an Overweight rating on GeoPark (NYSE:GPRK) and raised the price target from $11.5 to $12.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:17 pm

GeoPark has maintained its FY24 EBITDA guidance in the range of $420 million to $550 million.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:51 pm

GeoPark (NYSE:GPRK) reported Q2 2024 earnings per share of $0.48, missing the analyst consensus estimate of $0.70 by 31.43%. The company also reported sales of $190.20 million, which missed the estimate of $194.50 million by 2.21%. Despite the misses, sales increased by 4.33% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:50 pm

Shares of oil and gas stocks are trading lower despite Middle East tensions, likely due to weak US economic data impacting demand outlook.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:50 pm

Several major stocks, including Abbott Laboratories, Integra LifeSciences, and NewAmsterdam Pharma, experienced significant declines in Monday's pre-market session. Abbott fell due to a $495 million damages order, Integra LifeSciences dropped after lowering its FY24 outlook, and NewAmsterdam Pharma declined following Phase 3 trial results.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 12:24 pm

GeoPark Limited (NYSE:GPRK) reported a consolidated average oil and gas production of 35,608 boepd for Q2 2024, with significant growth in Ecuador and Colombia. The company is currently producing over 41,000 boepd as of July 1, 2024, and has 11 rigs in operation. Key projects include secondary recovery in the Llanos 34 Block, record production in the CPO-5 Block, and increased exploration in Ecuador and Argentina.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:33 am

GeoPark (NYSE:GPRK) reported Q1 2024 earnings per share (EPS) of $0.55, missing the analyst consensus estimate of $0.59 by 6.78%. The company also reported quarterly sales of $167.40 million, which missed the analyst consensus estimate of $193.00 million by 13.26%. This represents an 8.27% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:50 pm

GeoPark has signed a new offtake agreement with Vitol for the Llanos 34 block in Colombia, securing up to $500 million in prepaid future oil sales. This funding, available until June 30, 2025, enhances GeoPark's financial flexibility, with repayment options through future oil deliveries or prepayment without penalty. The interest cost is tied to the SOFR risk-free rate plus a 3.75% annual margin.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 7:03 am

Geopark reported its 1Q 2024 average oil and gas production at 35,473 barrels of oil equivalent per day (Boe/Day), with its 2024 guidance remaining unchanged. The company anticipates a full-year average production of 35,500-39,000 Boe/Day and plans a fully-funded 2024 organic capital expenditures program of $150-200 million to drill 35-45 gross wells.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:09 pm

Canaccord Genuity analyst Roman Rossi maintains a Buy rating on GeoPark (NYSE:GPRK) with a maintained price target of $14.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:57 pm

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