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Geopark (GPRK) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Geopark (GPRK - Free Report) closed at $11.51, marking a -1.88% move from the previous day. This move lagged the S&P 500's daily loss of 0.08%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.06%.
Heading into today, shares of the oil and gas company had gained 0.17% over the past month, lagging the Oils-Energy sector's gain of 4.29% and the S&P 500's gain of 8.78% in that time.
Geopark will be looking to display strength as it nears its next earnings release, which is expected to be August 10, 2022. The company is expected to report EPS of $1.37, up 2183.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $280.36 million, up 69.3% from the year-ago period.
GPRK's full-year Zacks Consensus Estimates are calling for earnings of $4.94 per share and revenue of $1.04 billion. These results would represent year-over-year changes of +398.99% and +51.28%, respectively.
It is also important to note the recent changes to analyst estimates for Geopark. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.84% lower. Geopark is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Geopark has a Forward P/E ratio of 2.37 right now. For comparison, its industry has an average Forward P/E of 4.82, which means Geopark is trading at a discount to the group.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 52, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Geopark (GPRK) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Geopark (GPRK - Free Report) closed at $11.51, marking a -1.88% move from the previous day. This move lagged the S&P 500's daily loss of 0.08%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.06%.
Heading into today, shares of the oil and gas company had gained 0.17% over the past month, lagging the Oils-Energy sector's gain of 4.29% and the S&P 500's gain of 8.78% in that time.
Geopark will be looking to display strength as it nears its next earnings release, which is expected to be August 10, 2022. The company is expected to report EPS of $1.37, up 2183.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $280.36 million, up 69.3% from the year-ago period.
GPRK's full-year Zacks Consensus Estimates are calling for earnings of $4.94 per share and revenue of $1.04 billion. These results would represent year-over-year changes of +398.99% and +51.28%, respectively.
It is also important to note the recent changes to analyst estimates for Geopark. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.84% lower. Geopark is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Geopark has a Forward P/E ratio of 2.37 right now. For comparison, its industry has an average Forward P/E of 4.82, which means Geopark is trading at a discount to the group.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 52, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.